Egypt, EU strengthen renewable energy partnership with €690m grid upgrade package

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The European Union and Egypt have agreed on a €690 million financing package to modernize and expand Egypt’s electricity transmission grid, supporting the country’s renewable energy development. The package includes a €600 million loan from the European Investment Bank and up to €90 million in additional investments.

The European Union and Egypt have taken a major step towards deepening their strategic partnership in renewable energy through a financing package worth up to €690m aimed at modernising and expanding Egypt’s electricity transmission network. The package combines a €600m loan from the European Investment Bank’s development arm, EIB Global, with up to €90m in […] The post Egypt, EU strengthen renewable energy partnership with €690m grid upgrade package first appeared on Dailynewsegypt.