In a press release, an official spokesperson on behalf of the Egyptian government has told reporters that ADFD or the Abu Dhabi Fund for Development has made MOU with the government of AED 183.560 million worth contract has been duly signed by representatives and top brass of ADFD and Egyptian government to boost up the power station in Banha.

Power Station Project will bring profits to the nation and at the same time it will upgrade economic status of both countries.

According to official spokesperson and other representatives, the major aim of this beneficial contract is to bring change and modification to power and energy sector.

Million homes will be heated and streets will be illuminated after successful completion of this project.

On this special occasion, honorable prime minister of Egypt and high officials, executives and ministers of UAE were present to sign the contract in an amicable ambience.

In this connection Fayaza Abdul Naga who is believed to be Egyptian minister in international affairs has told reporters in a press brief that Egyptian government is deeply satisfied with the attitude of UAE government and it will speed up development of bilateral, diplomatic and international affairs of two neighboring countries.