By : Samah Saeed
The European Bank for Reconstruction and Development (EBRD) is lending up to US$ 4.8 million to Intro Sustainable Resources (Intro-SR) and Intro Solar S.A.E in Egypt.
The loan will finance Intro-SR’s equity stake in a portfolio of energy efficiency, waste to energy, waste management and solar photovoltaic (PV) projects. The projects include one of the first private-to-private energy generation projects in Egypt, aimed at promoting resource consumption efficiency.
Egypt is a founding member of the EBRD. Since the start of its operations there in 2012, the EBRD has invested more than €8.5 billion in 144 projects across the country.
