Misr Iran Development Bank ( MIDB ) is working on inject EGP100m in an EGP1.5bn ($196.6m) financing for state-owned Egyptian Electricity Holding Company ( EEHC ), reported Amwal Al-Ghad.

EEHC ‘s financing is being arranged by Banque Misr and Abu Dhabi Islamic Bank (ADIB). The purpose is to provide the liquidity required for Egypt’s emergency plan for increasing electricity production before the summer of 2015.