Cairo is lining up loans for power generation projects as it struggles to improve electricity supply security at a time of political turmoil and acute gas shortages. On 29 September the OPEC Fund for International Development (OFID) signed a $70mn loan agreement with Egypt’s Ministry of Electricity and Energy for the Helwan South power plant. The project is expected to cost $2.4bn and the World Bank has approved a $585.4mn load to help fund the development (MEES, 5...
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