KFAED to grant Egypt $105m loan

Egypt: Thursday, January 17 - 2008 at 09:46

Kuwait Fund for Arab Economic Development (KFAED) will present Egypt with a loan worth $105m to contribute to the financing of expanding an electricity generating station north of the country, reported KUNA.The fund and the Egyptian government will sign the loan agreement today. KFAED Director General Abdulwahab Al-Bader said that the Fund would also sign an agreement on the implementation arrangements with the West Delta Electricity Production Company which is carrying out the project.

Amena Bakr Amena Bakr, Senior Reporter
Thursday, January 17 - 2008 at 09:46 UAE local time (GMT+4)

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