Middle East Economic Survey

VOL. XLIX

No 9

27-February-2006

EGYPT

World Bank Provides $260Mn Loan For El-Tebbin 700MW Power Station

The World Bank (WB) on 16 February announced a loan of $260mn to Egypt for the construction of the El-Tebbin power plant. The International Bank for Reconstruction and Development (IBRD), an arm of the WB, will provide finance in the form of a Fixed Spread Loan with a 20-year maturity, including a five-year grace period. The plant will generate 700mw and consist of...