Middle East Economic Survey

VOL. LIII

No 43

25-Oct-2010

EGYPT

IDB Lends Egypt $120Mn To Build 750Mw Power Station

Jiddah-based Islamic Development Bank (IDB) and the Egyptian government signed on 19 October a $120mn loan agreement to help finance the construction of a 750mw combined-cycle power station at Banha, northwest Cairo. The total cost of the plant is $806mn, of which $235mn will be covered by the government and $30mn will be provided by the Middle Delta Electricity Production...