Egypt signs letter of intent with EU to provide €35M grant to support NWFE program’s energy pillar – Egypt Today

Egypt signs letter of intent with EU to provide €35M grant to support NWFE program’s energy pillar – Egypt Today

CAIRO - 16 November 2022: Minister of International Cooperation Rania Al-Mashat signed Wednesday a letter of intent with the European Union to strengthen the energy hub within the National Platform for Green Projects Program"NWFE", worth €35 million to be directed to the European Bank for Reconstruction and Development.

The minister also witnessed the signing of a memorandum of understanding with the European Union and the European Bank for Reconstruction and Development, on "Mediterranean Hydrogen Partnership", to promote investment in renewable energy, together with Mohamed Shakir, Minister of Electricity and Renewable Energy, and Engineer Tarek El-Molla, Minister of Petroleum and Mineral Resources.

The signing was attended by Ambassador Omar Abouche, Assistant Minister for Foreign Affairs and Secretary-General of the Coordinating Secretariat for the Implementation of the Egyptian-European Union Partnership Agreement, Mr. Franz Timmermans, Vice-President of the European Commission, Mr. Christian Burger, Head of the European Union Delegation in Egypt, and Ms. K. K. Sim. Heiki Harmgart, Regional Director for the South and East Mediterranean Region of the European Bank for Reconstruction and Development.

In her address, Rania Al-Mashat, Minister of International Cooperation, said that under the letter of intent the European Union will provide development grants worth €35 million to the European Bank for