{"id":638464,"date":"2017-10-04T03:48:56","date_gmt":"2017-10-04T03:48:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/04\/eetc-receives-egp-3-bn-of-egp-37-4-bn-loan-to-upgrade-national-power-grid\/"},"modified":"2017-10-04T03:48:56","modified_gmt":"2017-10-04T03:48:56","slug":"eetc-receives-egp-3-bn-of-egp-37-4-bn-loan-to-upgrade-national-power-grid","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/04\/eetc-receives-egp-3-bn-of-egp-37-4-bn-loan-to-upgrade-national-power-grid\/","title":{"rendered":"EETC receives EGP 3 bn of EGP 37.4 bn loan to upgrade national power grid"},"content":{"rendered":"

The Egyptian Electricity Transmission Company has received EGP 3 bn from the EGP 37.4 bn loan it signed for with a local banking consortium in July to upgrade the national grid, unnamed ministry officials tell Al Borsa<\/a>. The amount will be used to pay contractors and suppliers, including Elsewedy Electric, China\u2019s State Grid, and Saudi\u2019s NCC, who are expected to complete their work in three years. We had said in August<\/a> that the National Bank of Egypt and Banque Misr are set to provide<\/a> EGP 12.2 bn each, while Qatar National Bank will chip in EGP 8 bn. The Arab African International Bank will contribute EGP 3 bn, while CIB will provide EGP 2 bn.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Egyptian Electricity Transmission Company has received EGP 3 bn from the EGP 37.4 bn loan it signed for with a local banking consortium in July to upgrade the national grid, unnamed ministry officials tell Al Borsa. The amount will be used to pay contractors and suppliers, including Elsewedy Electric, China\u2019s State Grid, and Saudi\u2019s […]<\/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-638464","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"ff3674f0-4dbc-4341-b625-4ffe3723980a","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[638420],"teaser":"","voice_url":""},"yoast_head":"\nEETC receives EGP 3 bn of EGP 37.4 bn loan to upgrade national power grid - 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\/2017\/10\/04\/eetc-receives-egp-3-bn-of-egp-37-4-bn-loan-to-upgrade-national-power-grid\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EETC receives EGP 3 bn of EGP 37.4 bn loan to upgrade national power grid\" \/>\n<meta property=\"og:description\" content=\"The Egyptian Electricity Transmission Company has received EGP 3 bn from the EGP 37.4 bn loan it signed for with a local banking consortium in July to upgrade the national grid, unnamed ministry officials tell Al Borsa. The amount will be used to pay contractors and suppliers, including Elsewedy Electric, China\u2019s State Grid, and Saudi\u2019s […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/04\/eetc-receives-egp-3-bn-of-egp-37-4-bn-loan-to-upgrade-national-power-grid\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-04T03:48:56+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/04\/eetc-receives-egp-3-bn-of-egp-37-4-bn-loan-to-upgrade-national-power-grid\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/04\/eetc-receives-egp-3-bn-of-egp-37-4-bn-loan-to-upgrade-national-power-grid\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EETC receives EGP 3 bn of EGP 37.4 bn loan to upgrade national power grid\",\"datePublished\":\"2017-10-04T03:48:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/04\/eetc-receives-egp-3-bn-of-egp-37-4-bn-loan-to-upgrade-national-power-grid\/\"},\"wordCount\":124,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"EnterpriseAM\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/04\/eetc-receives-egp-3-bn-of-egp-37-4-bn-loan-to-upgrade-national-power-grid\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/04\/eetc-receives-egp-3-bn-of-egp-37-4-bn-loan-to-upgrade-national-power-grid\/\",\"name\":\"EETC receives EGP 3 bn of EGP 37.4 bn loan to upgrade national power grid - 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The consortium includes the National Bank of Egypt, CIB, the Arab African International Bank, and the Housing & Development Bank. The loan\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":629338,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/28\/nbk-egypt-to-arrange-egp-3-bn-facility-for-egas\/","url_meta":{"origin":638464,"position":3},"title":"NBK-Egypt to arrange EGP 3 bn facility for EGAS","author":"enterpriseam admin","date":"28 May 2018","format":false,"excerpt":"The National Bank of Kuwait (NBK)-Egypt won a tender to arrange a EGP 3 bn loan for EGAS, as it looks to connect more homes to the natural gas grid, unnamed sources tell Al Mal. 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