PRESS RELEASE Luxembourg, 15 June 2026   Egypt and EU join forces on €690 million clean-energy grid investment   The partnership will modernise the national electricity network and accelerate renewable-energy integration in the context of the Trans-Mediterranean Renewable Energy and Clean-Tech Cooperation Initiative (T-MED), a flagship initiative of the Pact for the Mediterranean Financing package combines a €600 million EIB Global loan with up to €90 million in EU grants, supporting a national