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New fund for RE Projects in Egypt

Published at: 12‏/01‏/2012
source: http://www.sis.gov.eg
published by

According to H.E. Hassan Younes, Minister of Electricity and Energy, Egypt plans to set up in the coming phase a new cabinet affiliated fund for renewable energy projects.

Hassan also added that negotiations are currently being held with the African Development Bank for a USD 400 million to encourage the application of RE and improve the efficiency of energy. Furthermore he pointed out that the aim of this loan is to put Egypt on the green development path while at the same time reducing carbon dioxide emissions.

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