Posted by: Windfair Editors
European Investment Bank Supports Wind Farm In Egypt
Official Press Release EIB :
Strong EIB commitment in support of renewable energy: new EUR 115 million financing for a windfarm in Egypt
The EIB and the Arab Republic of Egypt signed today a loan agreement of EUR 115 million for financing a windfarm in the Gulf of Suez to further expand energy generation from renewable resources. The windfarm will contribute to meet growing electricity demand using sustainable wind energy.
In the presence of Dr. Sahar Nasr, Minister of Investment and International Cooperation and European Union Delegation Chargé d’Affairs, Reinhold Brender, the financing agreements were signed in Cairo today by Mr. Heinz Olbers, EIB Director of operations in the Neighbourhood Countries and Dr. Engineer Mohamed Mousa Omran Executive Chairman of New and Renewable Energy Authority. “The EIB is proud to finance the Gulf of Suez windfarm which contributes to environmental... ... More: Official Press Release EIB
