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Weekly market review, 2009 October 11-17
American University in Cairo. Citadel Capital Financial Services Center
Abstract:
World Bank to lend Egypt $620 mln for power plant : The World Bank agreed to lend Egypt 3.4 billion Egyptian pounds ($620 million) to fund its North
Giza power plant project, state news agency MENA said on Wednesday. The World Bank already
provided Egypt with a $50 million grant to partly fund the country's first solar power plant at Koraymat,
the agency quoted Minister of Electricity Hassan Younes. Younes said that Egypt aims to more
than triple its installed power capacity by 2027 by adding 58,000 MW at a cost of about $100 billion
to $120 billion.
Description:
Weekly newsletter of the Citadel Capital Financial Services Center at the American University in Cairo.
Office:American University in Cairo. Citadel Capital Financial Services Center
Weekly Market Review [72] This collection contains the weekly newsletter of the Citadel Capital Financial Services Center at the American University in Cairo.