EBRD-backed grid investments pave way for greener Egypt
Egypt, Dec. 15 -- The European Bank for Reconstruction and Development (EBRD) is supporting Egypt's transition to a green economy with a €200 million financing package for the Egyptian Electricity Transmission Company (EETC).This financing package is one of the country's first grid investments as part of a wider EETC investment programme under the EBRD-led energy pillar of Egypt's Nexus of Water, Food and Energy (NWFE) programme. It consists of an EBRD loan of up to €165 million, supported by an investment grant from the European Union Neighbourhood Investment Platform (EU NIP) of up to €35 million.Investment in EETC's grid infrastructure is urgently needed in response to growth in the peak load for electricity and to succ...
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