Latest in Tag: electricity Highlight

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Latest in Tag: electricity


National Bank for Development aids the completion of new electricity plant

The National Bank for Development (NBD) called on banks holding Islamic licenses to participate in granting an Islamic loan of $120 million to the East Delta Electricity Production Company (EDEPC). Some of the banks expected to participate in the loan include Alwatany Bank of Egypt, the Egyptian Gulf Bank and United Bank. The loan’s period …

Daily News Egypt

Ministry of Electricity finalises contracts for new power station in Banha

By Salah El-Monoufy The Yokogawa Company won a supply and installation contract for information control and transfer systems for the Banha electricity project worth EGP 10 million. A coalition of Japanese companies including Hitachi and Toyota won a supply and installation contract for mechanical systems for the project same projectworth EGP 165.5million. An Italian company, …

Daily News Egypt

Power cuts deliver massive blow to industires

By Inaam Eladawy and Nihal Mounir The electricity crisis which had previously been affecting just homes has begun to impact upon businesses and factories as well. Factories have tried to overcome such crises by relying on generators while shops, especially those working in the food sector, have experienced losses as a result of damaged goods. …

Daily News Egypt

electricity

€50m French loan to expand electricity grid

  By Islam Zayed The French Ambassador to Egypt, Nicolas Galey, and Pierre Marcelli, director of the French Development Agency (FDA)’s office in Cairo, signed an agreement to provide a €50m soft loan to the Egyptian government. The loan will be provided in cooperation with the World Bank, the European Investment Bank, and the German …

Daily News Egypt

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