Agreement for Financing Al-Fula Power Plant in W. Kordofan

Khalda Elyas

Khartoum – Kuwait Fund for Arab Economic Development and the Ministry of Finance signed, on Friday, an agreement for financing Al-Fula Power station, for a total of 25 million Kuwaiti Dinars ($85 million)
State Minister at the Ministry of Finance, Mustafa Holi praised the support of Kuwait Fund for Sudan and its financial and technical assistance to various sectors of development in Sudan
For his part, the head of the delegation of the Kuwait Fund, Regional Assistant Director, said in, a statement, that the fund approved the financing of the project for a total of 50 million Kuwaiti Dinars ($170 million), explaining that the project is implemented on two loans, each of 25 million dinars, saying the electricity is the main engine for development, stressing the fund’s keenness to support projects in Sudan to enhance bilateral relations between Kuwait and Sudan, saying that Sudan is the first country Funded by the Kuwait Fund after its establishment.

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