VOL. XLII
No. 24
14-June-1999
EGYPT
IFC Lends Egypt $192Mn For InterGen Power Station
The International Finance Corporation (IFC) will contribute$192mn towards the financing of the first build-own-operate-transfer (BOOT)power station project in Egypt. According to a report from EFG-Hermes, $70mnwill be given in the form of long-term debt, which will be payable over a17-year period, and the remaining $22mn will be raised through a number ofinternational banks. The project, which was awarded to...
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