VOL. XLVI

No 28

14-July-2003

EGYPT

ENERGY FINANCE

Egypt Approves Loans For Nubariyah Power Station, Power Grids

The General Assembly of the Electricity Holding Company at an extraordinary meeting on 7 July approved a 150mn loan from the European Investment Bank (EIB) to finance the second stage of the 750mw Nubariyah power station project. The assembly also approved a 5bn ($42mn) loan from the Japan Bank for International Cooperation (JBIC) to finance the foreign components for the 500kv...