VOL. XLVII

No 09

01-March-2004

EGYPT

ENERGY FINANCE

Egypt Publishes Details Of KFAED Loan For Nubariya Power Plant

Egypt has published details of the KD30mn ($102mn) loan from the Kuwait Fund for Arab Economic Development (KFAED) in its Official Gazette of 18 December 2003. The loan agreement, which was first signed at the end of 2002 (MEES, 9 December 2002), covers the construction of the first phase of the Nubariya power plant, which consists of the addition of 750mw of power generation capacity...