29 March 2014

Egypt: U.S. $100 Million to Finance Assiut Power Plant

Minister of Planning Ashraf Al-Arabi and Minister of Electricity Mohamed Shaker will witness the inking of an agreement of a loan offered by the Kuwaiti Development Fund at a value of USD 100 million.

The loan aims at financing Assiut power plant, which would work with a production capacity of 650 megawatts.

For his part, Minister of Electricity Mohamed Shaker said that Assiut power plant comes within the framework of the ministry's five-year plan.

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