The European Bank for Reconstruction and Development (EBRD) announced this week that it is lending up to $4.8m to Intro Sustainable Resources (Intro-SR) and Intro Solar S.A.E in Egypt.
The loan will finance Intro-SR’s equity stake in a portfolio of energy efficiency, waste to energy, waste management, and solar photovoltaic (PV) projects.
The projects include one of the first private-to-private energy generation projects in Egypt that aims to promote resource consumption efficiency.
Intro-SR was established in the Dubai International Financial Centre (DIFC) in 2020 to develop renewable energy, energy management, waste to energy, energy efficiency, and waste management projects. It is owned by Intro Investments Holding Ltd, which was established in 2016.
Egypt is a founding member of the EBRD. Since the start of the bank’s operations in the country in 2012, the EBRD has invested more than €8.5 bn in 144 projects.
