EGYPT

US Eximbank Extends $250mn Loan for Egyptian Nuclear Power Plant 

The US Export-Import Bank has agreed to provide a loan of $250mn to finance the purchase of US-made equipment for Egypt's projected 1,000-megawatt, $2bn nuclear power plant at al-Dabta, about 160 kms. west of Alexandria. The bank had originally refused credit backing for Egypt's nuclear power program on economic grounds because of low, government-subsidized electricity prices (MEES, 5 September 1983), but...