EGYPT
US Eximbank Agrees to Provide Credit for Egypt's First Nuclear Power Plant
The US Export-Import Bank last week announced its decision to provide credit backing for American companies seeking contracts to build Egypt's first 1,000megawatt, $2bn nuclear power plant at al-Dab'a, about 160 kms. west of Alexandria. The bank had previously refused credit backing for Egypt's nuclear program on economic grounds because of low electricity prices (MEES, 5 September 1983), but...
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