Energy Sector

EU Contribution: € 23.3 million grant

Location: Egypt

Partners: RBRD – EIB – AFD

Description:     

In the framework of the Neighbourhood Investment Facility, the Green Economy Financing Facility - GEFF Egypt is established in 2015. It consists of loans to local banks for on-lending to private companies for energy efficiency and renewable energy projects. The EU, The European Bank for reconstruction and Development (EBRD) and thee European Investment Bank (EIB) and the French Development Agency are all contributing to the facility to further strengthen sustainable energy measures in Egypt.

This comprehensive programme for sustainable energy investments is supported by a € 23.3 million grant provided by the European Union Neighbourhood Investment Facility.

Objectives:

• This EU-funded programme seeks to reinforce the role of the private sector in climate investment, reducing emissions and building a resilient environment in Egypt.

• The project provides comprehensive technical assistance and is currently supporting some Egyptian Banks in the design of business development tools and the successful implementation of the energy-efficiency and small-scale renewable energy facility.