Egypt, June 15 -- Egypt and the European Union are deepening their strategic partnership in the field of renewable energy with a financing package of up to €690 million to upgrade and expand the Egyptian electricity network. The package combines a €600 million loan from the European Investment Bank's development arm, EIB Global, with up to €90 million in grants by the European Commission.Led by the state-owned Egyptian Electricity Transmission Company (EETC), this project aims to integrate a total of 22 gigawatts (GW) of renewable-energy capacity into the grid by 2030, enough to supply around 10 million households with electricity.The investment supports national energy priorities and the ambition to expand renewable energ...