VOL. XLVI
No 4
27-January-2003
EGYPT
AFESD Lends Egypt $98Mn For Nubariya Power Project
The Arab Fund for Economic and Social Development (AFESD) has signed an agreement with Egypt for a loan worth KD30mn ($98mn) to help finance the construction of the first stage of the Nubariya power plant which will increase the power generation capacity in the Western Delta region by 750mw. With stage two, the plant will have a capacity of 1,500mw. The loan carries an interest rate of 3% over a period of 25...
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