(Changes billion to million in second paragraph)
CAIRO, May 30 (Reuters) - Egypt has set aside 25 billion Egyptian pounds (around $1.4 billion) to be spent over two years on developing the country’s electricity network, the electricity minister said on Wednesday.
The minister, Mohamed Shaker, told reporters the government had agreed on a loan worth 60 million Kuwaiti dinars (around $200 million) from the Kuwait-based Arab Fund for Economic and Social Development to build three new converter stations.
He gave no further details. (Reporting by Momen Saeed Atallah; Writing by John Davison; Editing by MarkPotter)
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