EIB Eyes $152 Mn Investment for Major 500MW Wind Project in Egypt

• Sunday, 21st June 2026
• by Sarah Samir

The European Investment Bank (EIB) is evaluating the financing of a renewable energy project in Egypt, which involves the design, construction, and operation of the Niat and Rasgha wind farms, two adjacent utility-sca...

EU to Finance €690m Upgrade of Egypt’s Grid to Boost Renewables

• Tuesday, 16th June 2026
• by Fatma Ahmed

Egypt and the European Union (EU) are strengthening their strategic partnership in renewable energy through a financing package of up to €690 million to upgrade and expand Egypt’s electricity transmission network, not...

EU Provides EUR 20 MM for Egypt’s Energy Projects

• Sunday, 21st July 2019
• by Editorial Team

The European Union (EU) has dedicated EUR 20 million to participate in the financing of energy projects in Egypt, according to Ivan Surkos, EU Ambassador to Egypt, Al-Mal reported. The EU will also provide a grant tha...

NREA Launches Wind Farm Tender

• Tuesday, 4th April 2017
• by Dr. Mahinaz El-Baz

Egypt’s New and Renewable Energy Authority (NREA) launched a tender to establish a wind farm in the Gulf of Suez with a capacity of 250MW. The Authority submitted the terms of reference to international companie...

Egypt Receives $600m Loan for New Power Plant

• Tuesday, 8th December 2015
• by Egypt Oil & Gas

The Egyptian Government received a $600m loan from the European Investment Bank on December 6th, to build a new power plant in the Beheira governorate, Ahram Online reports. The new plant will add 1800MW of electricit...

World Bank to Guarantee Ukrainian Gas Purchases

• Monday, 12th October 2015
• by Egypt Oil & Gas

The World Bank and the European Investment Bank (EIB) have signed an agreement to provide loans worth $520m to Ukraine for the purchase of natural gas, the World Bank announced in an official statement. The agreement ...