ArabFinance: Kima Aswan project, affiliated to the listed Egyptian Chemical Industries (Kima) (EGCH), is ready to be fully operational, Egypt’s Minister of the Public Business Sector Hisham Tawfik revealed on October 13th.
The development has total investments of EGP 11.4 billion, Tawfik noted.
The minister, however, did not disclose a timeframe of the official launch of the project that was carried out to exploit the electric power from the Aswan Dam station, which is claimed to generate 280 megawatts of power.
A year ago, the government directed a committee headed by the CEO of the Egyptian Environmental Affairs Agency to measure the emissions and fumes from Kima Aswan.
Copyright © 2020 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
