The Egyptian Electricity Holding Company (EEHC) signed a USD 109 mn agreement with Mitsubishi Hitachi to upgrade and refurbish two gas turbines in the main station in north Cairo, reports Al Mal. The project will be funded by the Japanese government’s Official Development Assistance Loans, which will be paid back over 40 years and carry a 10-year grace period. The project aims to increase the efficiency and capacity of the station as well as reduce costs and maintenance.

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