International financiers are prepared to fund renewables projects under revised terms set out by Egypt’s power ministry, according to local media. The ministry now plans to launch a new phase of its 4.3GW wind and solar program in October.

Officials from the ministry, state power firm EEHC, and renewables agency NREA this week met representatives of a number of institutions including the World Bank’s IFC investment unit and the EBRD.

The objective of the meeting was reportedly...