The assignment includes ex-post verification of investments in energy efficiency and renewable energy.
> ADB - Philippines, consultancy for PPP projects in infrastructure sector
Context: Egypt and major challenges in energy sector
Egypt is a net importer of oil and gas despite the presence of domestic sources. Although there have been recent large increases in gas and electricity prices to industrial consumers, energy prices in Egypt are low in comparison with those in the region. Historically low prices for energy and energy subsidies have led to the development of energy- and carbon-intensive industries in Egypt, with Egypt's economy the third most energy intensive in the MENA region.
