Egypt: Debt reduction priority for gas plant privatisation

Issue 425 - 22 Oct 2020

The government is prioritising the reduction of its external debt and boosting Egypt’s profile as a location for foreign direct investment with its plans for the sale of the three large gas-fired power stations built by Siemens and its partners between 2015 and 2018. The deal will involve the new Tharaa sovereign wealth fund and is being contested by six international bidders.

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