EIB SUPPORTS EGYPT GAS TRANSMISSION EXPANSION
January 1st, 2007
BY KEITH NUTHALL
THE EUROPEAN Investment Bank (EIB) will lend Euro 50 million to the Egyptian Natural Gas Holding Company (EGAS) to finance building a new gas 116km pipeline following the Nile, from Abu Qurqas to Asyut, southern Egypt. The EIB will also lend Euro 260 million to finance two 750 MW gas-fired combined-cycle power plants in northern Egypt.
THE EUROPEAN Investment Bank (EIB) will lend Euro 50 million to the Egyptian Natural Gas Holding Company (EGAS) to finance building a new gas 116km pipeline following the Nile, from Abu Qurqas to Asyut, southern Egypt. The EIB will also lend Euro 260 million to finance two 750 MW gas-fired combined-cycle power plants in northern Egypt.
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