EGYPT, E.U. INK SIX GRANT AGREEMENTS WORTH 150 MILLION USD

Egypt and the European Union, on Tuesday, signed six grant agreements, worth 150 million U.S. dollars, in support of Egypt’s socioeconomic development.

The agreement was signed by Egyptian Minister of International Cooperation, Sahar Nasr, and Commissioner for European Neighbourhood Policy and Enlargement Negotiation, Johannes Hahn, benefiting projects in the field of renewable energy, sanitary drainage and more.

It also focuses on improving the living conditions of impoverished areas and provision of citizen rights.

Hahn started Tuesday, a two-day visit to Egypt, to hold talks over the EU-Egypt partnership, on priority fields for cooperation, such as socioeconomic development, jobs, migration, regional affairs and citizen rights.

Nasr said in statements, that, one of the agreements is about establishing a wind power plant, in the Gulf of Suez, to boost clean energy in Egypt.

The plant, at a cost of about 33 million dollars, will have a capacity of 200 megawatts.

Source: NAM NEWS NETWORK