The European Bank for Reconstruction and Development (EBRD) has given Egypt $1.3 billion to finance green energy projects over the next five years, Managing Director of the southern and eastern Mediterranean (SEMED) Heike Harmgart told Middle East News Agency (MENA) in an interview on January 9th.

This action is part of the Nexus of Water, Food, and Energy (NWFE) program’s framework.

Harmgart noted that funds allocated to the NWFE initiative included $1 billion for new wind power projects and $300 million for the construction of public power infrastructure, Harmgart stated.

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