Lebanon inks $348m deal for power plants
- Lebanon: Thursday, February 28 - 2013 at 04:11
Lebanon's energy ministry has signed a $348m agreement with a Danish-German consortium to build new power plants in Jiyyeh and Zouk, The Daily Star has reported. British bank HSBC and the EKF, Denmark's export credit agency, have offered to provide an extended loan for the project. Under the contract, Danish BWSC and German Man Diesel will build two plants, with a maximum capacity of 272 megawatts, at the same locations housing Lebanon's two biggest power plants.
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