Friday, January 15, 2016

Islamic Bank loan for hydropower plants. Part of the Beirut Water Supply Project


The Council of Ministers approved yesterday a loan agreement with the Islamic Development Bank (IDB) to fund the remaining part of the Water Supply Augmentation Project. The funds will be used for the construction of two hydropower plants generating over 12 megawatts, a wastewater treatment plant, and a secondary water treatment plant.

The value of the loan is $128 million, according to Elie Moussalli, Project Director at the Council for Development and Reconstruction (CDR). These will b...

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