Egypt and the European Union have agreed on a financing package of up to €690 million ($801 million) to modernise the North African country’s electricity network and connect 22 gigawatts of renewable-energy capacity to the grid by 2030

€690m package to modernise Egypt’s power network and cut carbon footprint

The EU will provide EUR 690 million (USD 800m) to back the electricity network modernisation and speed up renewable energy integration in Egypt as part of the Trans-Mediterranean…

Egypt and the European Union have agreed on a financing package of up to €690 million ($801 million) to modernise the North African country’s electricity network and connect 22…