EBRD-Backed Grid Upgrade To Drive Egypt’s Renewable Push With €200 Million Investment

EBRD lends $235m for Egypt’s green transition drive

The European Bank for Reconstruction and Development (EBRD) will provide €200 million ($235 million) to support Egypt’s plans to transition to a green economy. The financing package is one of Egypt’s first grid investments under its Nexus of Water, Food and Energy (NWFE) programme, the development bank said in a statement. The EBRD will provide a loan of up to €165 million, supported by an investment grant from the European Union Neighbourhood I…

EBRD-Backed Grid Upgrade To Drive Egypt’s Renewable Push With €200 Million Investment

The European Bank for Reconstruction and Development (EBRD) is supporting Egypt’s move towards a greener economy by providing a €200 million financing package to the Egyptian Electricity Transmission Company (EETC). […] The post EBRD-Backed Grid Upgrade To Drive Egypt’s Renewable Push With €200 Million Investment appeared first on SolarQuarter.