Egypt’s Electricity company has received an accolade from the European Bank for Reconstruction and Development (EBRD). The North African country’s Minister of International Cooperation Rania Al-Mashat announced that Egypt won a 2020 Sustainability Award from the institution.
The Egyptian Electricity Transmission Company (EETC) won the Silver Award in the “Sustainable Energy” category for its commitment to innovation, as well as pioneering steps to promote equal opportunities and ‘green skills’ for women in the country’s renewable energy sector.
The Minister praised EBRD for celebrating project achievements through the annual Sustainable Awards, pointing out that this encourages its members to promote environmental and social sustainability, expand renewable energy projects, and endorse women economic empowerment supporting the implementation of the Sustainable Development Goals (SDGs).
In 2019, EBRD with The Ministry of International Cooperation supported EETC with a sovereign loan of €183 million to improve and expand the electricity grid across Egypt, which included the integration of 1.3 GW of new renewable energy, resulting in a reduction of 77,000 tonnes of CO2 emissions per year.