VOL. XLIV

No. 23

4-June-2001

EGYPT

AFSED Lends Egypt $88Mn For North Cairo Power Plant

The Arab Fund for Social and Economic Development (AFSED) on 28 May signed an agreement with Egypt under which it will provide a KD27mn ($87.6mn) loan to the state-owned Egyptian Electricity Holding Company (MEES, 21 May) for the financing of the projected North Cairo Power Plant, to be built with a capacity of 750mw at a cost of $322mn (MEES, 12 February). The Egyptian Minister of Planning and International...