VOL. XXXVIII

NO. 47

21-AUGUST-1995

Egypt

Fund For Alternative Energy Sources Now Stands At $1.4Bn

Egypt's fund for alternative energy sources now stands at $1.371bn, accordingto Egyptian Oil Minister Hamdi al-Banbi. The fund was established in 1981 andthe Oil Ministry was required to set aside part of its earnings each year forthe fund. The object of the fund is to help finance the research and developmentof alternative sources of energy, including nuclear power generation. A projectfor the...