Egypt Secures €165 Million Loan For Major Electricity Grid Upgrade; Egyptian Cabinet Approves Major Solar Energy Projects and More...

Egypt is set to advance its energy infrastructure with a €165 million sovereign loan from the European Bank for Reconstruction and Development (EBRD). The funds are designated for the state-owned Egyptian Electricity Transmission Company (EETC) and aim to bolster the country’s electricity transmission network.

The Egyptian Cabinet has given the green light to several significant solar energy projects, marking a major step towards enhancing the country’s renewable energy capabilities.

Jubilee, a diversified metals producer operating in Zambia and South Africa, has announced the signing of a three-year renewable power purchase agreement with Lunsemfwa Hydro Power Company (LHPC), an independent hydro and solar power producer in Zambia. The agreement, which will commence on September 1, 2024, ensures that Jubilee’s power supply needs at its Roan and Sable operations will be fully met at competitive rates compared to prevailing power tariffs.

Eskom Holdings SOC Ltd has announced the initial selection process for the design, supply, installation, commissioning, operation, and maintenance of a Solar PV plant with a capacity of up to 30 MWp at the Komati Power Station. This initiative is part of the Eskom Just Energy Transition Project (EJETP), which aims to promote sustainable energy solutions and reduce the country’s reliance on fossil fuels.