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Kuwait: Loan for electricity network

The Kuwait Fund for Arab Economic Development (KFAED) on 5 December agreed a KD29.5m ($100m) loan to Bahrain to help finance a 400kV electricity transmission network project, which forms part of the government’s fiscal balance programme. The 25-year loan includes a grace period of seven years after which it will be repaid in 36 semi-annual instalments.

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African Energy Gulf States Newsletter