EBRD Grants Loan to Egypt for Integration of Renewable Energy

Loan of €183 million to the Egyptian Electricity Transmission Company / Integration of 1.3 GW of new renewable energy thanks to new high voltage substations / Reducing transmission losses will result in saving 77,000 tonnes of CO2 emissions per year

The EBRD is supporting the development of a more resilient and robust electricity grid across Egypt with a €182.9 million loan to the Egyptian Electricity Transmission Company (EETC) to strengthen the transmission network in the country. Demand for electricity in Egypt is expected to grow significantly over the next 10 years due to economic growth. The project will address Egypt’s key challenge in reaching its strategic objective in the energy sector by expanding the country’s electricity transmission... ... More: Official Press Release EBRD

Keywords:

EBRD, Egypt, transmission grid, investment, loan, grid, connection, renewable energy, integration, electricity, expansion, growth