QNB & EBRD
EGE is collaborating with The EBRD (European Bank for Reconstruction and Development) & QNB AlAhli Bank, in which the EBRD Provision of a financing package of up to USD 70 million to QNB AlAhli Bank SAE.
The facility will comprise:
Senior loan of up to USD 20 million under the Egypt Green Energy Financing Facility (EgyptGEFF).
senior loan of up to USD 20 million under the regional GCF GEFF, of which up to USD 5 million is expected to be co-financed by the Green Climate Fund under the same condition.
The EBRD loan will enable QNB AlAhli
- Supporting on-lending to private sub-borrowers for green, Energy Efficiency, and Renewable Energy projects
- Supporting high performance technologies and services supporting a green economy and boosting the competitiveness of Small and Medium Enterprises (SMEs) part of a value chain