EETC to sign EGP 18 bn loan agreement with NBE, Banque Misr this week

The Egyptian Electricity Transmission Company (EETC) is expected to sign an EGP 18 bn loan with the National Bank of Egypt and Banque Misr this week, EETC head Gamal Abdel Rehim tells Al Borsa. The loan is one of two the banks are arranging to fund expansions to handle a production capacity of 18 GW by 2018.