CIB backs Elsewedy Electric’s first European expansion with €58m financing for Hungary power project
[Daily News Egypt - Egypt] - 7/02/2026
The Commercial International Bank Egypt (CIB) has signed a financing and partnership agreement to support Elsewedy Electric Power Systems Projects (PSP) in the execution of a combined-cycle power plant in Hungary, providing financing worth €58m (around $62.9m). The project is the largest (…)
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