
Siemens, Elsewedy Electric sign €2bn power plant agreement
Project is expected to begin operations by end of 2016 and to reach full capacity by mid-2018
Project is expected to begin operations by end of 2016 and to reach full capacity by mid-2018
Contradictory reports have surrounded project since its announcement
Budget deficit expected to decrease to 11.6% of GDP in FY15, in comparison to the 17.5% of GDP recorded in FY14, Fitch noted
Company aims to increase capital from EGP 420.5 to EGP 504.6