EU supporting Egypt with €200m for ongoing energy projects
All grants from the European Union to Egypt for ongoing projects in the energy sector will amount to a total of approximately €200m, according to Reinhold Brender, the chargé d’affaires of the EU delegation to Egypt.
Financial support from the EU significantly helped Egypt design its new Integrated Sustainable Energy Strategy for 2035, Brender explained in an interview with Daily News Egypt on the sidelines of a conference on the sustainable energy strategy. This conference took place last week and was co-organised by the EU under the patronage of the Egyptian prime minister.
[...] The EU has also provided significant support for the diversification of Egypt’s energy supply, according to Brender. This included the co-financing of the 200 MW El-Zayt wind farm, together with KfW Development Bank and the European Investment Bank (EIB). It was foreseen that additional large wind farm projects would also be co-funded by the EU and the European financial institutions.
Read the full article by Ahmed Adly | via Daily News Egypt.
