VOL. XLII

No. 11

15-March-1999

EGYPT

EDF Signs $1.2Bn Contract For Two BOOT Power Plants

With the government needing to spend more on social welfareand a number of large scale development projects, Egypt hopes to tap privatecompanies to foot the ever expanding bill for the electricity sector. TheFrench firm Electricite de France International SA (EDF) on 23 February signeda $1.2bn contract with the Egyptian Electricity Authority (EEA) to build two650MW power generation plants in the area of the...