Eritrea: national energy plan signed thanks to EU’s 175 mln euro investment​

A national energy plan for Eritrea was signed within the framework of the European Union’s 11^th EDF (European Development Fund). The agreement envisages a 175 million euro investment in the energy sector, including redoing the national power grid, building stand-alone photovoltaic and wind power supply systems in rural areas and the exploration of geothermal resources. A further 20 million euros will be provided to support the financial management activities of Eritrean financial entities.