Egypt’s EETC secures EUR690 million EU-backed financing for grid expansion

Egyptian Electricity Transmission Company (EETC), Egypt’s state-owned transmission operator, has secured a EUR690 million financing package from the European Commission (EC) and the European Investment Bank (EIB) to expand and modernise the country’s electricity transmission network and facilitate large-scale renewable energy integration. The financing package comprises a EUR600 million loan from EIB Global, EIB’s development […]