Germany’s KSB will reportedly be awarded a contract to supply the 650 MW West Cairo power plant with pumps worth c. EGP 330 mn, Cairo Electricity Production Company officials tell Al Mal. The firm is expected to ink the agreement at the end of September. The plant is expected to come online in 2019 with over EGP 6 bn in funding secured through a number of Arab financing institutions, including the Kuwaiti and Saudi development funds.
More from Enterprise
Four foreign funds line up USD 256 mn for Banque du Caire
London’s Redwheel is among the backers, nearly two weeks after…
Inside the financing of Egypt’s IPP boom
The contracts and the resources are proven, so the open…
A dozen companies have moved up from the SME board, and analysts say investors should look at how capital is being raised
Companies can apply to move to the main board above…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…