{"id":73890,"date":"2022-09-12T02:02:45","date_gmt":"2022-09-12T02:02:45","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2022\/09\/12\/ebrd-to-help-egypt-wind-down-gas-fired-power-plants\/"},"modified":"2022-09-12T02:02:45","modified_gmt":"2022-09-12T02:02:45","slug":"ebrd-to-help-egypt-wind-down-gas-fired-power-plants","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2022\/09\/12\/ebrd-to-help-egypt-wind-down-gas-fired-power-plants\/","title":{"rendered":"EBRD to help Egypt wind down gas-fired power plants"},"content":{"rendered":"

<\/a> More details on EBRD clean energy funding<\/strong>: The European Bank for Reconstruction and Development (EBRD) will provide USD 300 mn in funding to Egypt to help it decommission 5 GW of gas-fired power plants from 2023, Heike Harmgart, the bank\u2019s managing director for the Southern and Eastern Mediterranean, told Reuters<\/a>. The money will be spent on stabilizing the country\u2019s electricity grid, adding battery storage, upgrading local supply chains for renewables, and retraining workers, she said.<\/p>\n

This is part of the bank\u2019s <\/strong>USD 1.3 bn funding pledge<\/a><\/strong> announced last week<\/strong>, which includes USD 1 bn in financing for renewable energy projects. This would account for roughly one tenth of the private funding Egypt needs to add 10 GW of renewables capacity by 2028, Harmgart said.<\/p>\n

ALSO FROM THE EBRD- <\/strong><\/p>\n

Money for EVs in Egypt:<\/strong> The EBRD is also providing a EUR 10 mn loan to our friends at Egyptian auto player Abou Ghaly Motors<\/a> to fund the purchase of 250 electric vehicles for its taxi fleet, it said in a separate statement<\/a>. Around EUR 3 mn of that funding will come from the UK\u2019s Foreign, Commonwealth and Development Office. The company will use the money to electrify its London Cab fleet<\/a>, which are used to provide taxi services as well as airport transfers in Cairo, Sharm El Sheikh and Hurghada.<\/p>\n

AND- Banque Misr green on-lending loan confirmed:<\/strong> The lender confirmed<\/a> last week that it would go ahead with the USD <\/strong>100 mn loan<\/strong> to Egyptian state bank Banque Misr<\/strong> approved in<\/a>January<\/a>. The financing will be on-lent to local SMEs looking to invest in climate mitigation and adaptation technologies and services, the bank said.<\/p>\n","protected":false},"excerpt":{"rendered":"

More details on EBRD clean energy funding: The European Bank for Reconstruction and Development (EBRD) will provide USD 300 mn in funding to Egypt to help it decommission 5 GW of gas-fired power plants from 2023, Heike Harmgart, the bank\u2019s managing director for the Southern and Eastern Mediterranean, told Reuters. The money will be spent […]<\/p>\n","protected":false},"author":1,"featured_media":73891,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[500],"tags":[802,134,138,390,249,11,64,536,88,422],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-73890","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-abou-ghaly-motors","tag-automotive","tag-banque-misr","tag-ebrd","tag-energy","tag-enterpriseclimate","tag-evs","tag-finance","tag-renewables","tag-smes","wpautop","entry"],"acf":{"mongo_id":"58ad63b4-a264-459f-ae60-9ff4a5b8f9b8","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/9\/5287.jpg","photo_position":"above","related_issue":[73884],"teaser":"","voice_url":""},"yoast_head":"\nEBRD to help Egypt wind down gas-fired power plants - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2022\/09\/12\/ebrd-to-help-egypt-wind-down-gas-fired-power-plants\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EBRD to help Egypt wind down gas-fired power plants\" \/>\n<meta property=\"og:description\" content=\"More details on EBRD clean energy funding: The European Bank for Reconstruction and Development (EBRD) will provide USD 300 mn in funding to Egypt to help it decommission 5 GW of gas-fired power plants from 2023, Heike Harmgart, the bank\u2019s managing director for the Southern and Eastern Mediterranean, told Reuters. The money will be spent […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/2022\/09\/12\/ebrd-to-help-egypt-wind-down-gas-fired-power-plants\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-12T02:02:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/5287.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2022\/09\/12\/ebrd-to-help-egypt-wind-down-gas-fired-power-plants\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2022\/09\/12\/ebrd-to-help-egypt-wind-down-gas-fired-power-plants\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EBRD to help Egypt wind down gas-fired power plants\",\"datePublished\":\"2022-09-12T02:02:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2022\/09\/12\/ebrd-to-help-egypt-wind-down-gas-fired-power-plants\/\"},\"wordCount\":275,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2022\/09\/12\/ebrd-to-help-egypt-wind-down-gas-fired-power-plants\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/5287.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Abou Ghaly Motors\",\"automotive\",\"Banque Misr\",\"EBRD\",\"energy\",\"EnterpriseClimate\",\"EVs\",\"Finance\",\"renewables\",\"SMEs\"],\"articleSection\":[\"ENERGY\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2022\/09\/12\/ebrd-to-help-egypt-wind-down-gas-fired-power-plants\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2022\/09\/12\/ebrd-to-help-egypt-wind-down-gas-fired-power-plants\/\",\"name\":\"EBRD to help Egypt wind down gas-fired power plants - Climate\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2022\/09\/12\/ebrd-to-help-egypt-wind-down-gas-fired-power-plants\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2022\/09\/12\/ebrd-to-help-egypt-wind-down-gas-fired-power-plants\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/5287.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2022-09-12T02:02:45+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2022\/09\/12\/ebrd-to-help-egypt-wind-down-gas-fired-power-plants\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/climate\/2022\/09\/12\/ebrd-to-help-egypt-wind-down-gas-fired-power-plants\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2022\/09\/12\/ebrd-to-help-egypt-wind-down-gas-fired-power-plants\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/5287.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/5287.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2022\/09\/12\/ebrd-to-help-egypt-wind-down-gas-fired-power-plants\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/climate\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"EBRD to help Egypt wind down gas-fired power plants\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"name\":\"Climate\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\",\"name\":\"Climate\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/25470.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/25470.svg\",\"caption\":\"Climate\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"EBRD to help Egypt wind down gas-fired power plants - Climate","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/climate\/2022\/09\/12\/ebrd-to-help-egypt-wind-down-gas-fired-power-plants\/","og_locale":"en_US","og_type":"article","og_title":"EBRD to help Egypt wind down gas-fired power plants","og_description":"More details on EBRD clean energy funding: The European Bank for Reconstruction and Development (EBRD) will provide USD 300 mn in funding to Egypt to help it decommission 5 GW of gas-fired power plants from 2023, Heike Harmgart, the bank\u2019s managing director for the Southern and Eastern Mediterranean, told Reuters. The money will be spent […]","og_url":"https:\/\/enterpriseam.com\/climate\/2022\/09\/12\/ebrd-to-help-egypt-wind-down-gas-fired-power-plants\/","og_site_name":"Climate","article_published_time":"2022-09-12T02:02:45+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/5287.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/climate\/2022\/09\/12\/ebrd-to-help-egypt-wind-down-gas-fired-power-plants\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/2022\/09\/12\/ebrd-to-help-egypt-wind-down-gas-fired-power-plants\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"EBRD to help Egypt wind down gas-fired power plants","datePublished":"2022-09-12T02:02:45+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/2022\/09\/12\/ebrd-to-help-egypt-wind-down-gas-fired-power-plants\/"},"wordCount":275,"publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/2022\/09\/12\/ebrd-to-help-egypt-wind-down-gas-fired-power-plants\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/5287.jpg?fit=%2C&ssl=1","keywords":["Abou Ghaly Motors","automotive","Banque Misr","EBRD","energy","EnterpriseClimate","EVs","Finance","renewables","SMEs"],"articleSection":["ENERGY"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/climate\/2022\/09\/12\/ebrd-to-help-egypt-wind-down-gas-fired-power-plants\/","url":"https:\/\/enterpriseam.com\/climate\/2022\/09\/12\/ebrd-to-help-egypt-wind-down-gas-fired-power-plants\/","name":"EBRD to help Egypt wind down gas-fired power plants - Climate","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/2022\/09\/12\/ebrd-to-help-egypt-wind-down-gas-fired-power-plants\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/2022\/09\/12\/ebrd-to-help-egypt-wind-down-gas-fired-power-plants\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/5287.jpg?fit=%2C&ssl=1","datePublished":"2022-09-12T02:02:45+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/climate\/2022\/09\/12\/ebrd-to-help-egypt-wind-down-gas-fired-power-plants\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/climate\/2022\/09\/12\/ebrd-to-help-egypt-wind-down-gas-fired-power-plants\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/2022\/09\/12\/ebrd-to-help-egypt-wind-down-gas-fired-power-plants\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/5287.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/5287.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/climate\/2022\/09\/12\/ebrd-to-help-egypt-wind-down-gas-fired-power-plants\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/climate\/"},{"@type":"ListItem","position":2,"name":"EBRD to help Egypt wind down gas-fired power plants"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/climate\/#website","url":"https:\/\/enterpriseam.com\/climate\/","name":"Climate","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/climate\/#organization","name":"Climate","url":"https:\/\/enterpriseam.com\/climate\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/25470.svg","contentUrl":"https:\/\/ent.news\/internal\/25470.svg","caption":"Climate"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/5287.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/5287.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/5287.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"jetpack_shortlink":"https:\/\/wp.me\/pgVl2y-jdM","_links":{"self":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts\/73890","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/comments?post=73890"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts\/73890\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue\/73884"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media\/73891"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media?parent=73890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/categories?post=73890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/tags?post=73890"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/brand?post=73890"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=73890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}