Egypt-Greece Electricity Interconnection Project to Begin This Year with €1 Billion in Funding (Greek City Times)

Link to article here.

According to government sources, Egypt will begin its electricity interconnection project with Greece before the end of the second half of this year.

Designated as a priority initiative within the European Union, the project is expected to receive a €1 billion grant and concessional financing.

Sources told Al Arabiya Business that three European financial institutions have shown interest in funding the joint Egypt-Greece electricity transmission project. Further discussions on financing arrangements are scheduled for next month.

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