Accelerating Egypt’s energy transition through decommissioning of fossil-fuelled power plants
The fund supports the decommissioning of fossil-fuelled capacity under the Energy Pillar of Egypt’s Nexus Water-Food-Energy programme which aims at accelerating Egypt's green energy transition by decommissioning a total of 5 GW and increasing 10 GW of renewable energy. Through Performance Incentive Payments (PIP) and technical assistance the IKI fund supports decommissioning of fossil-fuelled capacity of at least 1.5 GW. A focus of the technical assistance will be on feasibility, environmental and safety assessments, the promotion of a just energy transition for affected employees of the plants to be decommissioned, and assessment of grid enhancement for more renewables in the system.
- Countries
- Egypt
- IKI funding
- 15,000,000.00 €
- Duration
- 12/2024 till 12/2028
- Status
- open
- Implementing organisation
- European Bank for Reconstruction and Development (EBRD)
State of implementation/results
As part of the preparatory phase, initial stakeholder consultations have been conducted in order to lay the groundwork for effective collaboration and alignment with the fund’s climate objectives. Furthermore, a technical and strategic assessment is being undertaken to identify fossil-fuel power plants to be decommissioned under the IKI fund.
Latest Update:
12/2025
Project relations
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