Middle East Economic Survey

VOL. XLIX

No 5

30-January-2006

Sudan

Exim Bank Of India Extends $392Mn LOC To Sudan For Power PlantThe Export-Import Bank of India on 23 January extended two lines of credit (LOCs) for a total of $391.9mn to the Government of Sudan to finance power projects. The first LOC of $350mn will finance Indian exports to Sudan to set up a 4 X 125mw crude oil fired Kosti combined cycle power plant. The total cost of the project will be around $500mn. Construction of the power...