Egypt turns off streetlights to cope with power shortage
January 21, 2013
Meanwhile, the Islamic Development Bank (IDB) is providing US$250 million to finance a 1,950MW power station in the country’s south. The new power plant will eventually be linked to Egypt’s national electricity grid with additional stations to be constructed soon. Egypt received an initial US$200 million loan for the project from the IDB during the country’s previous summer.