Waste management reform expands with private sector involvement: Environment Minister    Mideast infrastructure hit by advanced, 2-year cyber-espionage attack: Fortinet    SCZONE signs $18m agreement with Turkish Ulusoy to establish yarn factory in West Qantara    Egypt PM warns of higher oil prices from regional war after 1st Crisis Committee meeting    US firm VXI to create 4,000 jobs in Egypt in $135m expansion    Egypt's Foreign Minister discusses Mideast de-escalation with China FM, EU Parliament President    Egypt's gold prices fall for 3rd day on Wednesday    Egypt's FM holds talks with Arab counterparts over Iran-Israel escalation    Egypt's PM urges halt to Israeli military operations    Egypt sets 3-month goal to join world's top 50 in business readiness: minister    UN Palestine peace conference suspended amid regional escalation    Egypt advances integrated waste management city in 10th of Ramadan with World Bank support    Egypt, Japan's JICA plan school expansion – Cabinet    Egypt's EDA, AstraZeneca discuss local manufacturing    Egypt issues nearly 20 million digital treatment approvals as health insurance digitalisation accelerates    EGP opens flat against USD on Monday    Sisi launches new support initiative for families of war, terrorism victims    Egypt nuclear authority: No radiation rise amid regional unrest    Grand Egyptian Museum opening delayed to Q4    Egypt delays Grand Museum opening to Q4 amid regional tensions    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's EDA joins high-level Africa-Europe medicines regulatory talks    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Egypt, Serbia explore cultural cooperation in heritage, tourism    Egypt discovers three New Kingdom tombs in Luxor's Dra' Abu El-Naga    Egypt launches "Memory of the City" app to document urban history    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egypt High Dam will be fully upgraded by 2014
Ahram Online Published in Ahram Online on 26 - 04 - 2011

The upgrading of Egypt's High Dam is expected to be completed in 2014. The developments will enable the dam to work at full capacity for 40 years says Hassan Younis Minister of Electricity and Energy.
The minister said that LE1.7 billion has been spent upgrading the 12 electric turbines of the dam and the Ministry of Electricity and Energy will spend another LE170 million which it took as a loan from the German Development Bank.
Egypt has taken a total loan of 4.3 million Euros from the German government to help in the upgrading process.
According to a report by the International Cooperation Ministry the Egyptian and German governments previously agreed on an 82.574 million Euros loan for the upgrading of the dam based on the 1999 Financial Cooperation Agreement signed by the two countries in 2000. This brings the loan to 87 million Euros with an added interest rate of 0.7% to be paid over 40 years.

Clic here to read the story from its source.