The General Assembly of the Egypt Electricity Company has recently approved an agreement in which the Islamic Development Bank would finance the construction of the North Cairo Electricity Generation Station.
Projected electric output capacity of the new station is estimated at 750 megawatts, according to Al-Ahram daily.
The bank will provide $41.5 million for the project, while the remaining funds needed to launch the program are to be provided by the Arab Economic and Social Development Fund and the European Investment Bank.
The Egyptian Electric Company is responsible for generating, transporting and allocating electric power to the districts of Aswan, Qena, and Sohag. Last year, the company implemented a long-range plan for the renewal of electricity networks in the county’s South Valley, as well as the construction of three electric stations in Abu Simbel, Sebaia and Nakra, connecting them to the main power network. –(MENA Report)
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