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FINANCIAL NEWS
EU grants €200mn for ongoing energy projects in Egypt
25 Sep 2016
(MENAFN) The EU will grant Egypt a €200mn for ongoing energy projects in the energy sector.Furthermore, the grant will help the country designs its new Integrated Sustainable Energy Strategy for 2035.In addition, the EU also helped Egypt develop important blocks for the application of this strategy, involving new gas legislation and the launching of a new gas regulator.Meanwhile, the EU will also help the Egyptian Gas Household project, which will increase the number of interconnected households to 2.4mn in the coming 2 years.
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