Egypt Independent

Banking consortium inks deal to establish 3 power plants in Egypt



A banking consortium inked on Sunday a LE10 billion agreement with the electricity sector to establish three power plants in the new administrative capital, Kafr El Sheikh and Beni Suef.
 
The three power plants will produce a total of 14,400 megawatts.
 
The signing ceremony was held at the headquarters of the Electricity and Renewable Energy Ministry.
 
The ten-bank consortium is grouping the National Bank of Egypt, Banque Misr, Arab African International Bank and others.