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$1.14bn World Bank funds for Egyptian power

by Michael Palmer on May 30, 2011

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Egyptian power projects are to benefit from $1.14bn in World Bank funding. (Getty Images)

Egypt will receive up to $1.14 billion in funding from the World Bank in support of the nation’s electricity projects, an AFP report has said.

In a statement from the government, electricity minister Hassan Yunis said: “There is an agreement with the World Bank to fund several projects with up to $1.14 billion.”

The projects in question include a 1,500 megawatt power plant in the Giza province, and also transport infrastructure between power plants.

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