Cairo – Mubasher: The European Bank for Reconstruction and Development (EBRD) plans to inject an investments of $60 million into Infinity Energy to develop and construct renewable energy projects in Egypt.
The investments will be also be directed to electricity distribution infrastructure and electric vehicle charging stations, according to a statement on Monday.
The project, which is still pending final review, is part of EBRD’s efforts to “scale up renewable energy penetration in Egypt's energy mix, and promote the liberalisation of the electricity sector by supporting the private-to-private (merchant) renewable energy segment,” the statement added.
