Egyptian Electricity Holding Co. (EEHC) has secured a $90 million multi-currency loan from five local banks that it will use to perform maintenance on power plants held by Upper Egypt Electricity Production Co. (UEEPC), according to local reports.
UEEPC’s previously arranged loan was cancelled and so EEHC stepped in.
The debt will be paid back over 11 years with a grace period of four years.
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