EBRD and EU foster energy efficiency in Egypt’s cement industry

The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are joining forces to support energy efficiency in Egypt’s manufacturing sector. The EBRD is providing a financing package of up to €25 million to Arabian Cement Company (ACC), a leading cement producer in Egypt. This is being supplemented by first loss risk cover provided through the EU’s European Fund for Sustainable Development Plus (EFSD+) to accelerate the green transition for industrial processes in the Egyptian market.