European Investment Bank funds 690 million euro upgrade for Egypt's electricity grid

latribune.fr (French)

The European Investment Bank will provide 690 million euros to modernize and expand Egypt's electricity grid. This funding supports Egypt's energy transition and Euro-Mediterranean initiatives, aiming to integrate approximately 22 GW of renewable energy by 2030. The project, part of a larger 1.6 billion euro program, will involve new substations and high-capacity transmission lines to enhance grid stability and regional interconnection.


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European Investment Bank funds 690 million euro upgrade for Egypt's electricity grid | News Minimalist