Japan’s JBIC Advancing Two Renewable Energy PPPs in Egypt, Eyes Agreement This Year

The Japan Bank for International Cooperation (JBIC) is in advanced discussions with the Egyptian government and anticipates signing an agreement by the end of this year for at least one of two planned public-private partnership (PPP) initiatives in the renewable energy sector.

Kenichiro Kitamura, JBIC’s Chief Representative for the Middle East, said that the bank is currently finalizing arrangements for both projects as part of its broader commitment to supporting Egypt’s transition to green energy.

He noted that JBIC has already mobilized over $1 billion in financing for Egypt’s NWFE (Nexus of Water, Food, and Energy) Programme, working in collaboration with international development partners.

Kitamura highlighted that JBIC’s total investment portfolio in Egypt stood at around $1 billion as of 2024, with infrastructure and energy making up the bulk of its financing activities. He added that approximately 70% of this portfolio is dedicated to infrastructure projects.

The Japanese state-owned bank is strengthening its role in Egypt’s sustainable development, focusing on sectors that align with the country’s environmental goals and Japan’s international infrastructure investment strategy.