Cairo – Mubasher: The Egyptian Holding Company for Water and Wastewater’s (HCWW) indebtedness to the National Investment Bank (NIB) and the Ministry of Electricity stood at EGP 21.6 billion, the company’s chairman Mahmoud Raslan told Mubasher.

It was agreed that the Ministry of Finance will pay EGP 13.6 billion to settle the company’s debt owed to NIB, Raslan added.

Raslan further revealed that HCWW owes the Ministry of Electricity a total amount of EGP 8 billion.

On the other hand, several state-owned bodies are indebted to HCWW, he remarked, noting that the company aims to reach an agreement with these bodies, together with the Ministry of Electricity to pay off their debts over monthly installments.

Source: Mubasher Exclusive

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.