Middle East Economic Survey
VOL. LIII
No 35
30-Aug-2010
EGYPT
EIB Lends Egypt $300Mn For North Giza Power Plant
The European Investment Bank (EIB) will extend a 300mn loan to Egypt to help fund the development of a major new power station on the outskirts of Cairo. State news agency MENA said that the North Giza Power Plant would cost E120bn ($21bn) and would start operations in 2014. The 1.5gw combined cycle gas turbine (CCGT) plant will use natural gas as a main fuel and light diesel oil as a...
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