Four electricity production companies in talks with six banks to borrow USD 400 mn

The West Delta, East Delta, Middle Delta, and Cairo electricity production companies are in talks with six banks to borrow USD 400 mn to repay international contractors for their maintenance work on the electricity production companies’ power stations, Al Borsa reports. The companies are currently negotiating with the National Bank of Egypt, Banque Misr, CIB, QNB, Banque du Caire and the Arab African International Bank, and are hoping to reach an agreement this month.