El Molla emphasized Egypt's commitment to developing a diverse energy portfolio, integrating both renewable sources and traditional fuels to enhance energy security
The debt swap will assist the government’s efforts in meeting its goals of generating 42% of Egypt’s electricity from renewable sources by 2030 by financing investments and projects accelerating the transition
Financing institutions for the project include European Bank for Reconstruction and Development (EBRD), OPEC Fund for International Development (the OPEC Fund), and African Development Bank (AfDB)
The Environment and Development Forum 2022 will take place at InterContinental City Stars from September 11 to 13, gathering national, regional and international partners in preparation for the upcoming COP27
The APICORP report noted that Egypt’s largest gas projects have an estimated value of around $14 billion, while the country’s largest oil projects are projected to be $12 billion
