CAIRO: Egypt has set aside 25 billion Egyptian pounds (around $1.4 billion) to be spent over two years on developing the country’s electricity network, the electricity minister said on Wednesday.
The minister, Mohamed Shaker, told reporters the government had agreed on a loan worth 60 million Kuwaiti dinars (around $200 million) from the Kuwait-based Arab Fund for Economic and Social Development to build three new converter stations.
He gave no further details.
Egypt to spend $1.4 bln over two years to develop electricity grid
Egypt to spend $1.4 bln over two years to develop electricity grid
