Egypt, June 16 -- IFC announced an investment to support Egypt's first utility-scale battery energy storage system (BESS), deepening its partnership with AMEA Power, a leading renewable energy developer in Africa, the Middle East, and Central Asia, and the Government of Egypt to advance the country's clean energy ambitions.IFC's $72 million debt package to AMEA Power's subsidiary, Abydos Solar Project Company, will finance the integration of the 300MWh BESS into the newly commissioned 500MWac solar photovoltaic power plant in Kom Ombo, Aswan Governorate. The solar power plant, also financed by IFC and international partners in 2022, became operational in November 2024.The BESS integration marks Egypt's first project to be implemented under ...