CAIRO: The Board of Executive Directors of the World Bank approved a
grant to Egypt, a loan of $1.2 billion Egyptian pounds to support the
development of wind energy. 800 million pounds will be provided by the
Clean Technology Fund, which will be a first for the fund in the Middle
East and North Africa.
The project will support the strategy of Egypt towards renewable energy, which is attaching a high priority program to generate electricity on a wide range of renewable energy sources, “which help to achieve national objectives and regional savings in fossil fuels, environmental protection, creation of job opportunities that takes into account environmental considerations and technology transfer,” the ministry of environment told Bikya Masr on Sunday.
To read the full, original article click on this link: World Bank grants Egypt 1.2 bil Egyptian pounds for wind energy - Bikya Masr
