EBRD boosts Egyptian energy efficiency with $25m loan

The funding will benefit egyptian SMEs and households that want to invest in green projects

Big Zero Report 2022

Renewable energy and energy efficiency projects in Egypt are to secure a share of a new $25 million (£18m) loan from the European Bank for Reconstruction and Development (EBRD).

The funding offered to the National Bank of Kuwait Egypt is expected to support Egyptian small and medium-size businesses and households.

The Green Climate Fund co-finances 15% of the total loan amount.

To date, the EBRD has invested €7.7 billion (£6.5m) in the country through 132 projects.

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