World Bank signs contract for new power project for Egypt

• 11 years ago (2013-11-09)
• David Flin

Africa 327 Middle East 336

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The World Bank and the Egyptian government have signed a contract for the Helwan South Power Plant Project, a gas-fired power plant intended to improve reliability of supply across the country. The agreement was signed by Ziad Bahaa El-Din, Egypt’s Deputy Prime Minister and Minister for International Cooperation, and Inger Anderson, World Bank Vice President for the Middle East and North Africa region.

Andersen said: “The Project is highly relevant and timely to support the Egyptian people during this period of political and economic transition. It will contribute 10 per cent of the new generation capacity to be added by 2018, which is vital for Egypt’s economy.”