ICEC

Suez insurance insures Sedi Krir Electric Plant with EGP 2.4 billion

Suez Canal Insurance renewed the insurance policy of Sidi Krir Electric Power Plant, with value of EGP 2.4 billion.

Moshira Ma’mon, director of engineering sector, said that the insurance policy covers fire, machines breakdown and civil liability against the other.It is worth mentioning that Suez insurance Co.’s installments retreated by EGP 271 million, with a 1.7% decline in the first half of the current fiscal year 2011-2012, compared with EGP 275.566 for the same period of the last former fiscal year.

Sherine Taha and Eslam Abdel Hamid

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