Egypt and the EU Agree Up to EUR 690 Million to Modernise National Electricity Grid and Expand Clean Energy (opens in new tab)

Egypt and the European Union (EU) have strengthened their strategic partnership in renewable energy with a financing package of up to EUR 690 million (EGP 39 billion) aimed at upgrading and expanding Egypt’s electricity transmission network on Monday, 15 June. The funding combines a EUR 600 million (EGP 34 billion) loan from the European Investment Bank’s development arm, EIB Global, with grants of up to EUR 90 million (EGP 5 billion) provided by the European Commission. Led by the Egyptian E...