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EEHC agrees with EximBank to finance PSH project with $2.6bn

The Egyptian Electricity Holding Company has agreed with the Export-Import Bank of China (EximBank) Ito finance a 2,400MW pumped-storage hydroelectricity (PSH) project with $2.6bn loan. A high-profile source in the Ministry of Electricity told Daily News Egypt that ongoing negotiations with the Chinese bank over the loan’s interest rate, repayment period, and grace period will …

Mohamed Farag

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