Thu, Aug 6, 2020
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Finance, Property, Projects, Infrastructure more

NBD to finance electric grid using Islamic finance

Posted on 25 February 2013

The National Bank for Development (NBD) announced on that it has signed on to finance US$110 million in improvements for the East Delta Electricity Company, which will be the first public project financed according to principles of Islamic Sharia, according to a bank statement.
The financing will go towards parts replacements in the Shabab and Damietta stations run by the East Delta Electricity Production Company. These improvements, according to the bank, will help increase the capacity of the national electrical grid………………………………………..Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
banner
banner
August 2020
M T W T F S S
« May    
 12
3456789
10111213141516
17181920212223
24252627282930
31