Hassan Allam signs USD 89 mn agreement to develop Afghan power plant

Hassan Allam signs USD 89 mn agreement for Afghan power plant: Hassan Allam Utilities has signed a USD 89 mn debt financing package with Ghazanfar Group’s Afghan Power Plant Company to develop a 59 MW gas power plant in northern Afghanistan’s Mazar Sharif, a company statement said on Thursday. The package has received backing from the International Finance Corporation, the Asian Development Bank and the DEG-German Development Bank.