EEHC seeking EGP 10 bn loan to fund future expansions

The Egyptian Electricity Holding Company (EEHC) is seeking an EGP 10 bn loan from banks to fund future expansions in electricity transmission and distribution, Al Borsa reports. According to the newspaper, the EEHC is planning to approach the National Bank of Egypt and Banque Misr for a syndicated loan to fund the first phase of the EGP 37 bn transmission build-up.