Egyptian farmers to entry photo voltaic irrigation pumps funding

Egyptian farmers will now purchase photo voltaic irrigation pumps easily after International Finance Corporation (IFC) and the Agricultural financial institution of Egypt (ABE) shaped a partnership to help the farmers access financing to purchase the solar irrigation methods.
pressure gauge ราคา will help promote Egyptian farmers swap to Solar Irrigation Systems decreasing their reliance on diesel-powered turbines and boosting their productivity.
According to IFC, utilizing solar power for water pumping could probably save farmers an estimated US $875 million yearly in diesel gasoline costs, helping cut back greenhouse gasoline.
ABE, one of the country’s largest banks in Egypt, will construct capability and design new monetary merchandise to enable Egyptian farmers—most of whom lack direct access to grid electricity—to purchase and set up solar irrigation pumps.
ABE Deputy Chairman – Sami Abdel Sadek, stated, “Expanding using solar power know-how among farmers is part of our technique to assist agricultural and rural development in Egypt. It may even contribute to the country’s 2030 technique to encourage agricultural investments and rationalize the utilization of sources, including vitality, within the sector.”
READ: Ugandan farmers urged to make use of solar water pumps in agriculture
Walid Labadi, IFC Country Manager for Egypt, Libya, and Yemen, added that the partnership with ABE will assist present clean energy to farmers at an affordable price, whereas serving to reduce greenhouse fuel emissions. Supporting the event of renewable power and expanding access to finance are priorities for IFC in Egypt.
The partnership is part of IFC’s broader advisory work to strengthen Egypt’s clear expertise sector and support entrepreneurship in the country.
Under the Cleantech Entrepreneurship and Market Development Project, IFC is helping select financial establishments build their capability to supply financing services for off-grid photovoltaic (PV) techniques within the agribusiness sector. The challenge is being applied in partnership with the governments of Denmark, South Korea, and the Netherlands.
IFC—a member of the World Bank Group—is the largest world development institution focused on the personal sector in rising markets whereas ABE’s major goal is to help in the develope Egypt’s agricultural sector.

Scroll to Top