Egypt seeks World Bank help for power plant
Egypt’s Electricity Minister will meet World Bank officials on Monday to seek funding for a 1,500-megawatt electricity plant in North Giza, state news agency MENA said on Sunday.
The plant is due to come on stream in January 2013, the agency quoted Electricity Minister Hassan Younes as saying.
Egypt aims to invest 120 billion Egyptian pounds to set up 9 power plants in the period between 2012-2017, Younes said.
The new plants are expected to add 11,000 megawatts to the national grid.