VOL. XXXV

NO. 26

30-MARCH-1992

Egypt

Egypt Receives Loans and Grants for Two Projected Power Plants

Egypt has received loan and grant promises from a number of international andregional organizations for two projected power plants at Kuraimat, 95 kms. southof Cairo, and at Sidi Kerir near Alexandria.

The World Bank on 5 March approved a loan of $220mn for the 1,200-megawattKuraimat plant. The plant, designed to run primarily on natural gas with fueloil as an option, will cost almost $1.4bn. Earlier...