Egypt and the EU are deepening their renewable energy partnership with a financing package of up to $799.75 million to upgrade and expand the former’s electricity network.
The package combines a $695.4-million loan from EIB Global, with up to $104.3 million in grants by the European Commission.
The project aims at integrating 22 GW of renewable-energy capacity into the grid by 2030.
The package combines a $695.4-million loan from EIB Global, with up to $104.3 million in grants by the European Commission.
The project aims at integrating 22 GW of renewable-energy capacity into the grid by 2030.
