Egypt hosts conference on progress of NWFE green program

Ministers of Electricity, Renewable Energy, Environment, Agriculture, Transport, Water Resources and Irrigation joined with the Chairman of the Suez Canal Economic Zone (SCZONE) to discuss progress on the NWFE program, according to a statement on Sunday. 

Attendees included the heads of the European Bank for Reconstruction and Development, International Fund for Agricultural Development, and African Development Bank, as well as the EU, World Bank, International Finance Corporation (IFC), USAID and representatives from Germany, France, US, Denmark, Canada, Switzerland and the UK. 

“In collaboration with the European Bank for Reconstruction and Development, alongside other partners and relevant national authorities, significant milestones have been achieved, including the identification of two stations among the twelve for decommissioning, part of a broader plan to phase out 5 gigawatts of thermal stations. Additionally, grants totalling $40 million have been secured to bolster this initiative,” said Rania Al-Mashat, Minister of International Cooperation.