M a r k e t N e w s

Funding for Egypt's energy sector by African Development Bank hits $1.2bn

Posted on : Saturday , 20th February 2016

African Development Bank (ADB) has allocated finances estimated at US$1.2 billion to enhance Egyptian energy sector, Khaled El-Askari -principal energy officer at ADB- told Amwal Al Ghad Thursday.

 
He stated that the bank is studying participating with US$100-200 million to finance establishing the power plant in Beheira governorate.
 
On Wednesday, the Egyptian Cabinet endorsed the draft of President Abdel Fattah al-Sisi's decree on the $600 million-loan provided by the European Investment Bank (EIB) to the electricity plant.
 
Beheira's Damanhour power plant is set to operate with the capacity of 1,800Mw and is part of state's five-year plan to develop the national power grid by 2017.

Source : zawya.com
Featured Companies
  • dubaiexporters.com

Complete List  

Advertisers in previous issue:

  • Pumping solutions, a technological potential.
  • Catering for the most varied industrial storage requirements.
  • Prisma s.r.l. is an industrial reality, qualified in the study and the production of automatic doors for lift.
  • Ravi Enterprise is a professionally managed organization, established as a reliable source of industrial heaters.
  • Industrial machinery
  • Vrushabh is one of the leading manufacturer and distributor of Conveyor Belts, Transmission Belts, Elevator Belts, PVC Belts.
  • Automatic brick manufacturing machines
  • Manufacturer of heavy duty machinery
  • SOVEMA is the worldwide leading supplier of machinery for lead-acid battery production.
  • KJV is a professionally managed group in distribution & transmission sector involved in executing contracts
  • Solarway is a forward thinking creative think tank that develops personalised and sustainable power solutions for people with limited or no access to power.
  • Manufacturer of auxiliary equipments
  • Shenzhen City, Riland Industrial Co., Ltd. is China
  • Engineering Expo, is India’s largest multi-location trade show on manufacturing
  • Ratan Projects & Engineering Co. Pvt. Ltd. is the flagship company of the Ratan
  • Worthington Products is the World’s most trusted name when it comes to providing quality waterway barriers for Debris Control, Dam Safety, Ice-Booms, Fish Guidance
  • Bakery Equipment, Flour Mill, Bread Improver, Dried Fruit Processing machine
  • Triveni Turbine Ltd. is a leading industrial steam turbine manufacturer, with a dominant market share of 58% in India.
  • From a modest beginning in 1955, the IGP Group today provides over 50 products and services to the core sector.
  • All type conveyor belts for internal & external location tapis roulant de tout genre pous deplacement a l
  • South African incinerator and cremator designer and manufacturer making significant inroads into overseas markets.
  • Manufacturer of extrusion lines,extruders and down stream equipment.
  • Chemicals,Environmental & Sewage,Treatment Laborotory;Equipments Analytical Equipments & Instraments;etc.
  • At A J Charnaud & Co (Pty) Ltd we are committed to the safety & satisfaction of our customers

Home | About Afrotrade | Advertise With Us | Trade Events | Contact Us | Link to us | Terms |  Follow us on : Facebook
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2025 Afrotrade