Middle East Economic Survey
VOL. LIII
No 45
8-Nov-2010
EGYPT
OFID Lends Egypt $70Mn For Power Projects
The OPEC Fund for International Development (OFID) on 27 October signed two loan agreements totaling $70mn with Egypt to finance power projects. The two loans will partly finance the Giza North Power Plant, a 1.5gw combined cycle gas turbine electricity plant to be built near Cairo, and the Banha Power Plant, a 750mw project to be set up in the Delta Zone. The rate of growth of demand for...
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