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$200 million soft loans to west Cairo power station
Egypt, Economics, 7/16/2005
The Arab Fund for Social and Economic Development and Kuwaiti Fund for Development initially agreed on submitting a $200 million soft loan to west Cairo power station at a capacity of 650 megawatts.
The mission of the Arab Fund for Social and Economic Development is expected to reach Cairo early coming September.
Following his meeting with the Arab fund head, Abd-latif AI-Hamad, Minister of Electricity and Energy Hassan Younis said the implementation of West Cairo power station would start next year. The construction of the station comes within the Ministry of Electricity's program to add 8475 megawatts to the unified grid.
Previous Stories:
EUR 50 million support for clean energy gas supplies in Egypt
(7/8/2005)
Egypt calls for natural gas usage in Egypt
(6/28/2005)
Discussions to expand utilizing natural gas
(6/14/2005)
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