{"id":631745,"date":"2018-03-26T04:04:02","date_gmt":"2018-03-26T04:04:02","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/26\/electricity-ministry-in-talks-over-usd-90-mn-loan-for-ueepc-upgrade\/"},"modified":"2018-03-26T04:04:02","modified_gmt":"2018-03-26T04:04:02","slug":"electricity-ministry-in-talks-over-usd-90-mn-loan-for-ueepc-upgrade","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/26\/electricity-ministry-in-talks-over-usd-90-mn-loan-for-ueepc-upgrade\/","title":{"rendered":"Electricity Ministry in talks over USD 90 mn loan for UEEPC upgrade"},"content":{"rendered":"<p>The Electricity Ministry is in talks with fivel local banks over a USD 90 mn loan to finance grid maintenance work by the Upper Egypt Electricity Production Company (UEEPC), company chief Ibrahim El Shahat <a href=\"https:\/\/www.alborsanews.com\/2018\/03\/25\/1095293\">tells Al Borsa<\/a>. The negotiations comes after an 11-year loan agreement with a local bank was cancelled. UEEPC is trying to pay the companies maintaining and upgrading its power stations, including Siemens, General Electric, and Sumitomo Corporation, El Shahat adds. The ministry has been trying to scale costs back by upgrading existing stations to increase their fuel efficiency rather than building new ones.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Electricity Ministry is in talks with fivel local banks over a USD 90 mn loan to finance grid maintenance work by the Upper Egypt Electricity Production Company (UEEPC), company chief Ibrahim El Shahat tells Al Borsa. The negotiations comes after an 11-year loan agreement with a local bank was cancelled. UEEPC is trying to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9298],"tags":[2372,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-631745","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"0a6f6126-bad0-4dae-9126-0b4850fb88a6","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"Electricity Ministry in talks over USD 90 mn loan for UEEPC upgrade","related_issue":[631705],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.d9e68579-4cdc-4f7c-a9ec-721ea7ca3fb9.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Electricity Ministry in talks over USD 90 mn loan for UEEPC upgrade - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/26\/electricity-ministry-in-talks-over-usd-90-mn-loan-for-ueepc-upgrade\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Electricity Ministry in talks over USD 90 mn loan for UEEPC upgrade\" \/>\n<meta property=\"og:description\" content=\"The Electricity Ministry is in talks with fivel local banks over a USD 90 mn loan to finance grid maintenance work by the Upper Egypt Electricity Production Company (UEEPC), company chief Ibrahim El Shahat tells Al Borsa. The negotiations comes after an 11-year loan agreement with a local bank was cancelled. 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