The Egyptian Electricity Holding Company plans on sourcing a EGP10bn loan from the banking sector to finance its future expansion in  the distribution and transmission of electricity, according to sources in the ministry of Electricity and Renewable Energy. The sources added that the planned investments in distribution and transmission would cost around EGP37bn: EGP18bn for transmission and EGP19 bn for distribution. The Ministry is currently satisfied with the power generation capacity (including projects currently under construction), and will focus in the coming period on renovating and expanding the electricity grid, the sources added. The government plans on securing the finance for the first phase of the expansions through a syndicated loan from National Bank of Egypt and Banque Misr (Al Borsa)