Electricity

Egypt: European Union’s support to power sector amounts to €200 mln

Monday, 26 September 2016 17:03

The European Union will provide €200 million to Egypt to support its power sector, said Reinhold Brender, deputy director of EU’s delegation in Egypt.

The official revealed that part of these funds was used to develop new power capacities, knowingly the El-Zayt 200 MW wind park. The organization also got involved in a €500 mln project to install power sub-stations and transmission lines, and aiming to boost the connectivity of the North African’s power network. 

The EU also supported – financially – the design of the Integrate Sustainable Energy Strategy for 2035 and the development of the framework necessary to implement this strategy. Also, a new regulatory institution and legal framework for the gas sector were established in this perspective. EU’s support also helped in a gas supply project targeting 2.4 million additional homes, by 2018.

Gwladys Johnson

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.