$1.14bn World Bank funds for Egyptian power
Power plants will receive up to $1.14 billion in financial assistance
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.