Middle East Economic Survey

VOL. LIV

No 1-2

3/10-Jan-2011

EGYPT

AFESD Lends Egypt $178Mn For Banha Power Station

The Arab Fund for Economic and Social Development (AFESD) signed a KD50mn ($177.75mn) loan agreement with Egypt on 9 December to help financethe construction of Banha power generating station. The project aims to help meet increasing demand for electricity in the country through the construction of a 750mw combined cycle power plant in the Delta Zone, and linking it to the...