Middle East Economic Survey
VOL. XLIX
No 1/2
2/9-January-2006
EGYPT
AFESD Lends $100Mn To Egyptian Power Sector
The Kuwait-based Arab Fund for Economic and Social Development (AFESD) on 20 December awarded Egypt a $100mn loan to increase the capacity of its West Cairo power plant. The loan carries an annual interest rate of 3%, a tenor of 24 years and a grace period of six years. The power plants capacity will be increased by 650mw with the addition of two natural gas-fired steam turbines. The loan...
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