Middle East Economic Survey
EIB Lends Syria 200Mn For Power Plant
In a move to promote clean energy production, the Facility for Euro-Mediterranean Investment and Partnership (FEMIP) will lend Syria 200mn, according to the European Investment Bank (EIB). The loan will finance the construction of a 750mw gas-fired combined cycle power plant located at Deir Ali, south of Damascus. The project, to be completed by 2007, will be implemented and...