EBRD considers investing $200 mln for Egypt energy efficiency project
The European Bank for Reconstruction and Development (EBRD) is looking to lend the state-run Egyptian Natural Gas Holding (EGAS) $200 million to finance an energy efficiency project next November.
The project consists of energy efficiency investments along the gas pipeline and transmission network system across Egypt.
It will target waste heat recovery technologies at the sites of Amerya, Dahshour, and the Western Desert Gas Complex, with investments totalling $125 million.
Additional $75 million will go for turbo-expanders technologies at natural gas pressure reduction stations, an LPG separation, and CO2-equivalent/mercury removal from wet gas systems, and gas metering data systems infrastructure, according to EBRD’s statement.
Through the energy efficiency investments, the project will help conserve considerable amounts of currently used energy, and as such yield significant greenhouse gas emission savings in excess of 251,000 tonnes of CO2 a year.
