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Egypt's House of Representatives approves Japanese loan for power sector

Egypt's House of Representatives approves Japanese loan for power sector
The loan will be used for the development of the electricity sector in Egypt

Cairo – Mubasher: The Egyptian House of Representatives approved presidential decree no. 324 of 2021 ratifying the letters exchanged between the governments of Egypt and Japan. 

These letters include a loan worth JPY 25 billion from the Japan International Cooperation Agency (JICA) for the development of the electricity sector in Egypt as part of the power reform programme, according to a statement on Tuesday. 

The programme is implemented in partnership with the African Development Bank (AFDB) and the French Development Agency (AFD) to support power reforms.