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:

  • Catering for the most varied industrial storage requirements.
  • Shenzhen City, Riland Industrial Co., Ltd. is China
  • South African incinerator and cremator designer and manufacturer making significant inroads into overseas markets.
  • Used Machinery
  • SOVEMA is the worldwide leading supplier of machinery for lead-acid battery production.
  • Lavorwash is a world-leader in manufacturing high pressure cleaners and vacuum cleaners for household and professional use.
  • Manufacturer of heavy duty machinery
  • Ratan Projects & Engineering Co. Pvt. Ltd. is the flagship company of the Ratan
  • Suppliers of generators for every application
  • Save your power bill by instaling servo voltage stabilizer.
  • Manufacturers & Exporters of hand tools, garden tools & leatheer tool pouches.
  • Manufacturer of auxiliary equipments
  • From a modest beginning in 1955, the IGP Group today provides over 50 products and services to the core sector.
  • IAC understand your system requirements, and can offer valuable input, be it design, consulting, training, or technical support.
  • 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
  • Air Conditioning Hire
  • Manufacturer & Trader of coil winding machines, toroidal coil winding machines, wire bunching machines, complete winding solution
  • Manufacturer of extrusion lines,extruders and down stream equipment.
  • Specialty and Custom Chemicals Exhibition
  • All type conveyor belts for internal & external location tapis roulant de tout genre pous deplacement a l
  • ABL Machine Tools, One of the group companies of ABL India is India
  • Engineering Expo, is India’s largest multi-location trade show on manufacturing
  • Automatic brick manufacturing machines
  • Manufacturer refrigerated-type air dryer, desiccant air dryer and compressed air in-line filter.

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
© 1998-2026 Afrotrade