US$30 million credit line facility from the EBRD to the National Bank of Egypt for on-lending to small and medium sized businesses and corporates investing in energy efficiency and renewable energy projects, such as stand-alone small scale renewable energy projects, commercial energy efficiency investments, building sector energy efficiency and/or renewable energy investments.
Overall, the facility’s investments in projects have contributed to saving approx. 380 GWh of energy and more than 62,000 tonnes of CO2 emissions per year.
Advisory services from experts were made available to sub-borrowers and the partner financial institution and included assessments, training, and marketing support. The advisory aims to support borrowers in selecting the best solutions and implementing their projects.
The advisory services were finder by EBRD Shareholder Special Fund and the Southern and Eastern Mediterranean Multi-Donor Account. The Southern and Easter Mediterranean Multi-Donor Account is supported by Australia, Finland, France, Germany, Italy, Netherlands, Norway, Sweden, Taipei China, and the United Kingdom.
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