#egypt
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…
