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Monday, 16 September 2019

Egypt to spend $1.4 bln over two years to develop electricity grid: Minister

Reuters , Wednesday 30 May 2018
M of Electricity
Egypt's electricity minister Mohamed Shaker (Photo:Ahram)
Views: 3870
Views: 3870

Egypt has set aside 25 billion Egyptian pounds (around $1.4 billion) to be spent over two years on developing the country’s electricity network, the electricity minister said on Wednesday.

The minister, Mohamed Shaker, told reporters the government had agreed on a loan worth 60 billion Kuwaiti dinars (around $200 million) from the Kuwait-based Arab Fund for Economic and Social Development to build three new converter stations.

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