Parliament has approved, in its plenary session last month, a loan agreement for the restoration of the Zouk and Jiyeh power plants.
The Kuwaiti Fund for Arab Economic Development will finance the agreement with 25 million Kuwaiti dinars ($82 million). The loan has a two percent yearly interest and will be paid back over a period of 20 years. It has a grace period of five years.
The project entails restoring four power generation units in Zouk with a combined capacity of 600 megaw...
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