House of Representatives approved a $50 million loan agreement with the European Bank for Reconstruction and Development (EBRD) to improve the Suez Oil Processing Company's (SOPC) energy efficiency.
The projects’ capacity is 130 megawatt peak (MWp), with estimated annual 290-gigawatt per hour (GWh) of electricity produced by both projects, which will power more than 140,000 households while avoiding more than ...
The European Union (EU) has dedicated EUR 20 million to participate in the financing of energy sector projects in Egypt.
Benban Solar Park will cover around 37 km2 of desert with solar panels in 2019, providing around 1.8 Gigawatt (GW) of electricity.
The loan agreement was signed by Egypt and EBRD on May 22, 2018.
The loan agreement was signed on December 27, 2017 by Egypt and EBRD to grant EGAS a $200 million loan.
The projects included a new diesel treatment unit at the Alexandria Petroleum Company and another project for gas utilization in petroleum fields.
EBRD announced the event, which comes in cooperation with GCF, to boost gender equality in the Egyptian renewable energy sector.
Egypt signed a $200 million loan from the European Bank for Reconstruction and Development (EBRD) to state-owned Suez Oil Processing Company (SOPC) on June 21.
Egyptian Minister of Investments and International Cooperation, Sahar Nasr, has signed a $200 million agreement with Eric Rasmussen, director of natural resources at the European Bank for Reconstruction and Develo ...
