News
18 June 2020
€225m AfDB loan will support Egypt's electricity sector
In:
Manufacturing, Traditional energy
Region:
Middle East & Africa
The African Development Bank has approved a €225 million loan to finance Egypt’s Electricity and Green Growth Support Program.
The funding will help meet the Government of Egypt’s financing requirements in the light of the COVID-19 pandemic, and support a sound electricity infrastructure base - a key enabler for the private sector and for the country’s competitiveness.
The EGGSP reform program seeks to promote a sustainable, competitive and diversified electricity sector that ensures secure supply and supports climate change mitigation and green growth.
