loan | Egypt Oil & Gas - Part 5
Misr Iran Bank to Fund Energy Authorities
Egypt's Misr Iran Bank will fund EGP 200m to two government authorities, the Ministry of Electricity and Renewable Energy and the Ministry of Petroleum and Mineral Resources, with each getting EGP 100m in funding.
Kuwaiti Fund Lends $108m for Helwan Power Plant
The Energy and Environment committee to the Egyptian house of representatives approved a $108m loan from the Kuwaiti Fund for Arab Economic Development (KFAED) to fund South Helwan power plant project
Electricity Ministry Borrows EGP 5b to Pay EGPC
The Egyptian Ministry of Electricity agreed to obtain a loan worth EGP 5b to pay its dues to the Egyptian General Petroleum Corporation (EGPC) as the ministry needs to pay for fuel provided to power plant.
EBRD Offered to Fund SUMED Project
The European Bank for Reconstruction and Development (EBRD) has offered to fund the Arab Petroleum Pipelines Co. (SUMED) with $100m, based on a 10-year time-frame, to build a pier and petroleum products trading cente ...
Egypt to Ink Dabaa Nuclear Plant Final Contract Soon
Egypt's Minister of Electricity and Renewable Energy, Mohamed Shaker, affirmed that the final binding contract for the Dabaa nuclear plant, that will remain in effect for 60 years, is to be endorsed soon.
Egypt to Finalize Nuclear Plant Contracts Fast
In a meeting with Prime Minister, Electricity Minister, and the Head of the Armed Forces Engineering Authority, President Abdel Fattah Al Sisi drew attention towards the importance of finalizing the contracts needed ...
Record Loan Secured to Boost Zambia Power Grid
Standard Chartered Bank has partnered with the United States Agency for International Development (USAID) to deliver a term loan worth S$60m to reduce Zambia’s power gap.
France Offers $75.8m Gas Grant to Egypt
The French Development Agency (AFD) has offered Egypt a $75.7m grant to finance a mega-project that aims to facilitate access to natural gas to 2.4m Egyptian households.
