Hassan Allam Holding, a major Egyptian player in the engineering, construction, investment, and development sectors, has obtained a $25 million financing from the European Bank for Reconstruction and Development (EBRD). This funding aims to modernize the equipment and machinery of its subsidiary Hassan Allam Construction and strengthen its operational capacities in the local market.
Approved last December and currently in the disbursement phase, the project supports the company’s growth while reducing the carbon footprint of its activities, thanks to the adoption of electric equipment to replace diesel machines.
According to the EBRD, this financing provides dual added value: it offers financing conditions unavailable from local banks and establishes a long-term partnership promoting investment in low-carbon solutions. More than half of the amount granted (54%) is actually classified as “green financing,” in accordance with the Bank’s energy efficiency standards.
As a reminder, as part of the national plan for the development of clean energy, the Egyptian Ministry of Electricity and Renewable Energy, through the Egyptian Electricity Transmission Company, signed complementary agreements with a consortium led by Infinity Power and the Hassan Allam Utilities platform. These agreements included the construction, by November 2025, of two new solar power plants with a total capacity of 1.2 gigawatts, as well as electricity storage batteries of 720 megawatt-hours.
These initiatives are part of an extension of a framework agreement signed in November 2024 between Masdar, Hassan Allam Utilities, Infinity Power, and the Egyptian Electricity Transmission Company, aimed at the development of renewable energy projects, with some technical adjustments in the final agreement.
