Middle East Economic Survey
VOL. LIII
No 46
15-Nov-2010
EGYPT
Egypt Secures Power Project Loans Worth $820Mn From World Bank
Egypt has secured two loans worth a combined $820mn from the World Bank, the institutions largest financing deal for the Egyptian electricity sector. Agreements signed by World Bank Vice-President for the MENA region Shamsad Akhtar and Egyptian Minister of International Cooperation Fayiza Abulnaga will fund the $600mn construction of a 1.5gw combined cycle gas turbine...
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