National Bank of Egypt (NBE) and Banque Misr have approved issuing trade finance facilities worth a total of USD 580 mn to the Nuclear Power Plants Authority (NPPA) to fund the requirements for Dabaa project, Al Mal reports. NBE will provide letters of guarantee worth USD 230 mn to be used for imports of project requirements. Sources added that the first installment of the USD 25 bn Russian loan for the project will be USD 100 mn and is expected to be released in early 2018.

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