Egypt Faces Slow Relief From Suez Revenues Amid Debt
Egypt's debt climbs beyond 72 billion dollars as President Sadat struggles to fund interest payments and food imports for 36 million people. Reopened Suez Canal may yield 450 million annually but shipping and insurance costs, lack of peace, and canal expansion needs threaten profits.
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Texas
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Kuwait
Electric Utilities Cite Capital Needs
The Edison Electric Institute says the main hurdle for U S utilities is expansion financing, not raw materials. It projects 750 billion dollars needed over 25 years, with about two thirds from external sources and over 460 to 520 billion in commercial markets. It urges rate and tax policy changes to ease capital access and accelerate hearings. The study draws on 18 month work with multiple consultants.
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Richard Hughes
UPI
New York
Edison Electric Institute
United States
EEI
Institute
EET
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