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.

Source: Reuters

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  1. Annika Ljungkvist says

    Please, pleae world bank!

    I love Egypt and the people the people, but I would not put my foot in that country, if it had 9 Egyptian run power plants. No way. They can not even drive a car without causing danger to living thing within hundreds of meters and considering the totally wild corruption in this country, not even building one power plant would be safe.

    Egypt is THE country to develop wind and sun energy. There is wind and sun 365 days a year. This would be something to mention to the tourists AND it the knowledge is something the world will want in a few years. This would bring money and energy to Egypt, both now and in the future.

    Power plants will just kill both the Red Sea and scare away the tourists. Please, no money for this! Power plants in Egypt is the wrong way to go!

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