Misr Insurance Inks Helwan South Steam Power Plant’s Policy with EGP10bn

Big 5

An official sources in Misr Insurance Company revealed that the company will be signing today an insurance policy on Helwan South Steam Power Plant.

In a statements to Amwal Al Ghad, the sources explained that it was agreed on the insurance amounts of policy with EGP10 billion as result of reducing the finance of plant with EGP2billion.

The policy’s duration up to coming 6 years starting from the early of August, noting that the coverage’s duration includes 4 years.

Misr Insurance won the policy after the competition between 3 companies including Suez Canal Insurance, Arab Misr Takaful Insurance Group ‘property’ GIG and Egyptian Takaful Insurance.