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Cabinet approves borrowing from (TBI) to complete maintenance of gas units DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

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Cabinet approves borrowing from (TBI) to complete maintenance of gas units

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Cabinet approves borrowing from (TBI) to complete maintenance of gas units Empty Cabinet approves borrowing from (TBI) to complete maintenance of gas units

Post by claud39 on Sun Feb 24, 2019 11:45 am

https://www.alghadpress.com/news/%D8%A7%D8%AE%D8%A8%D8%A7%D8%B1-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D8%A7%D9%84%D8%B3%D9%8A%D8%A7%D8%B3%D9%8A%D8%A9/192103/%D9%85%D8%AC%D9%84%D8%B3-%D8%A7%D9%84%D9%88%D8%B2%D8%B1%D8%A7%D8%A1-%D9%8A%D9%88%D8%A7%D9%81%D9%82-%D8%B9%D9%84%D9%89-%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B1%D8%A7%D8%B6-%D9%85%D9%86-tbi-%D9%84%D8%A5%D9%83%D9%85%D8%A7%D9%84-%D8%B5%D9%8A%D8%A7%D9%86


Cabinet approves borrowing from (TBI) to complete maintenance of gas units






Cabinet approves borrowing from (TBI) to complete maintenance of gas units Doc-P-192103-636866035286144509





BAGHDAD (Reuters) - 

The cabinet on Sunday approved the terms of the loan from the Iraqi Trade Bank (TBI) to the General Company for the Production of Central Electric Power. 

"The Council of Ministers has approved the terms of the loan provided by the Iraqi Trade Bank (TBI) to the General Company for the Production of Central Electric Power, after increasing its capital on contracts signed between the Ministry of Electricity and GE, , For the purpose of completing the maintenance of gas units and stability for the summer of 2019.



According to the statement, "the Council has set the loan amount (24) million dollars, with a grace period of one year from the date of entry of a payment of the loan amount in the account of the Ministry of Electricity, and the mechanism of payment in the form of four semi-annual installments starting after (6) The date of the grace period, and the duration of the interest shall be negotiated, and the Ministry of Finance shall be empowered to guarantee the said loan and its interest. "
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