Egypt secures US$253M from AfDB to finance Electricity and Green Growth Support Programme

EGYPT – Egypt has secured a US$253 million loan from the African Development Bank (AfDB) to finance Egypt’s Electricity and Green Growth Support Programme (EGGSP). The funding, according to Africa Energy Portal will help meet the government of Egypt’s financing requirements in the light of the COVID-19 pandemic. The AfDB funds will also help Egypt support a sound electricity infrastructure base, a key enabler for the private sector and for the country’s competitiveness. Egypt’s EGGSP reform programme seeks to promote a sustainable, competitive and diversified electricity sector that ensures secure…

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