Egypt is set to construct El Dabaa nuclear power plant

GE Power has announced that it has won the contract to deliver the turbine island equipment for El Dabaa nuclear power plant project in Egypt through AAEM, its joint venture with Atomenergomash. The solutions provider will supply the basic design of four conventional islands, supply four nuclear turbine generator sets, including the Arabelle half-speed steam turbines, as…

Egypt is set to construct El Dabaa nuclear power plant

GE Power has announced that it has won the contract to deliver the turbine island equipment for El Dabaa nuclear power plant project in Egypt through AAEM, its joint venture with Atomenergomash. The solutions provider will supply the basic design of four conventional islands, supply four nuclear turbine generator sets, including the Arabelle half-speed steam turbines, as…

Africa Finance Corporation (AFC) acquires inaugural US$300 million facility from Export-Import Bank of China

Africa Finance Corporation (“AFC” or “the Corporation”) (www.AfricAFC.org), the leading infrastructure development finance institution in Africa, announces its successful acquisition of a loan facility from the Export-Import Bank of China (“CEXIM”) of a US$200m 5-year loan and a US$100m 5-year stand-by facility for general corporate purpose. The facility from CEXIM marks AFC’s inaugural financing facility from…