Middle East Economic Survey
EIB Lends Egypt 160Mn For Power Modules
In a move to promote clean energy production, the Facility for Euro-Mediterranean Investment and Partnership (FEMIP) will lend the Egyptian Electricity Holding Company (EEHC) 160mn, the European Investment Bank (EIB) said on 17 December. The loan will finance the construction of two 750mw gas-fired combined cycle modules located at Talkha-Damieta, and al-Kuriemat power plants. The two...