NO. 46



World Bank to Lend Egypt $200mn for Sidi Kerir Power Plant

The World Bank hasagreed in principle to extend a loan of $200mn to Egypt to cover part of thecost of constructing the third and fourth units at the projected 1,200-megawatt Sidi Kerir power plant near Alexandria. The finance for the first two units,each with a capacity of 325 megawatts, is being provided by Arab and Islamicfunds (MEES, 30 March and 6 July). The projected Sidi Kerir plant is designed...