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Friday, November 15, 2024

Home Business EBRD official says Egypt’s green transition on right track

EBRD official says Egypt’s green transition on right track

by News desk
July 23, 2023
in Business

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Egypt is on the right track towards a green and sustainable energy transition, Egypt’s official MENA news agency on Friday quoted an official from the European Bank for Reconstruction and Development (EBRD) as saying.

Maya Hennerkes, EBRD director for green financial systems, praised the country’s Nexus of Water, Food and Energy Program (NWFE) which aims to promote eco-friendly projects related to the National Climate Change Strategy 2050 and to enhance Egypt’s Vision 2030.

Hennerkes said that Egypt has replaced old power stations with a total capacity of five gigawatts with renewable energy resources, making it one of the promising countries that has the ability to make this transition.—Xinhua