assiut-thermal-plant

IDB to finance thermal power plant in Assiut

: Thursday, February 06 - 2014 @ 07:45

The Islamic Development Bank (IDB) has announced its allocation of $220m to finance a thermal power plant in Assiut, Egypt, Daily News Egypt has reported. The Jeddah-based lender recently contributed to a $900m fund earmarked to upgrade power plants in Shabab and West Damietta, along with the European Bank for Reconstruction and Development, the European Investment Bank, the Saudi Fund for Development and the East Delta Electricity Production Co.

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Thursday, February 6- 2014 @ 7:45 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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