Egypt considers offers for three power plant projects

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Arab News

Tue, 2019-05-28 12:03

DUBAI: Two international firms have signaled their interest in taking over Egypt’s three 14.4 gigawatts power plant projects.

If Egypt approves the offers from the two firms, the move will help cut debts of the North African territory while achieving foreign investment, Bloomberg reported.

The two firms are the global investment firm Blackstone Group and the international independent power producer Edra Power Holdings Sdn Bhd of Malaysia.

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Business & Economy

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Egypt

power plant

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