The Electricity Holding Company signed a JPY 10.7 bn (c. USD 94 mn) loan agreement with the Japan International Cooperation Agency (JICA) to fund power distribution development projects, sources tell Al Borsa. The first of three loan tranches will be disbursed next week and funds will be used to install remote-controlled operating systems at the Alexandria, North Delta, and North Cairo power distribution companies. The loan comes with a 30-year repayment period and 10-year grace period, at an interest rate of 0.01%.

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