KfW signs finance agreement for Aswan hydro stations, Eqypt

22 April 2022

The Egyptian government and German Development Bank KfW have signed a €26 million financing agreement for the rehabilitation of three hydroelectric projects in Aswan, Daily News Egypt has reported.

The project will involve replacing transformers at the hydroelectric facilities, which have a combined capacity of 2560MW.

The financing deal was signed by the Minister of International Cooperation Rania Al-Mashat and Bernd Siegfried, Director of the KfW office in Cairo.


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