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...
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