Attaqa Mountain Pumped Storage Power Plant

Attaqa Mountain Pumped Storage Power Plant is an ongoing hydroelectricity power plant currently in development with a planned total capacity of 2400MWp. It is located in Suez, Egypt and is set to be completed in 2024.

Financial impacts
The Exim Bank of China agreed to provide $2.6b for the project and the agreement on the interest rate, repayment period of the loan and grace period are being negotiated.