Elsewedy Electric is in talks with financial institutions for a loan to fund its 50 MW solar power plant project in Benban as part of the feed-in tariff (FiT) program, according to a bourse filing. Elsewedy has also confirmed it is in negotiations for a USD 75 mn loan to finance the project and moving forward as planned in 2016. On a related note, Separately, Elsewedy and Siemens are in negotiations with the Egyptian Electricity Transmission Company (EETC) to build two 500kV transformer stations at a cost of EGP 2.2 bn in Gharbeia and Beheira, Elsewedy said in a bourse filing.

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