VOL. XXXVII
NO. 26
28-MARCH-1994
Egypt
EIB Lends $61.6Mn For Upgrading Alexandria Power Supply Grid
The European Investment Bank (EIB) has announced a loan of ECU55mn ($61.6mn),carrying a 2% interest subsidy financed from Community budgetary resources, tothe Egyptian Electricity Authority (EEA) for upgrading the power supply grid inAlexandria. The new system will raise the power supply capacity in Alexandriafrom 5,300 to 7,300 GWH a year from 1997. This is the EIB's seventh operation insupport of...
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