VOL. XLVI

No 45

10-November-2003

EGYPT

ENERGY FINANCE

Egypt, Japan Sign MOU For New Power Plant At Al-Zafarna

Officials from Egypt and Japan signed a memorandum of understanding on 27 October for the construction of a new power plant at al-Zafarna in the Gulf of Suez area. According to a MENA report of the same date, Egyptian Minister of State for Foreign Affairs Fayiza Abu al-Naja and Japanese Foreign Minister Yoriko Kawaguchi signed the agreement. The $120mn plant will be financed by a 40-year...