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EU pumps EUR 72m to support energy projects in Egypt

EU pumps EUR 72m to support energy projects in Egypt
The EU has provided grants worth EUR 20 million

Cairo – Mubasher: The European Union (EU) has offered grants and loans at a combined value of EUR 72 million to support the energy sector in Egypt, the EU ambassador to Egypt Ivan Surkos said.

The EU has provided a funding valued at EUR 2 million to raise the country's energy efficiency as well as grants amounting to EUR 20 million directed to energy projects, Surkos added during a joint workshop organised by Egypt and the EU.

In addition, the most populous Arab nation has also obtained EUR 50 million funding from the EU to finance other projects, he noted.