EU approves EUR 200 mm loan to Syrian power project

Nov 01, 2004 01:00 AM

The Syrian Minister of Electricity, Mr Muneib Saem al-Dahr, said that the European Investment Bank, the European Union's financing institution, approved a EUR 200 mm loan to finance a power transformation plant.
He added that the rest of the total cost of the project, which is estimated at $ 400 mm would be financed by several Arab funds.

The 750-MW power plant would help meet increasing demand for electrical energy in several southern areas of Syria.

Source: Info-Prod Research
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