Talk:Egypt and coal
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↑ Orascom Construction, "OC-IPIC Consortium Signs Agreement with Egyptian Government and Aligns Banking Commitments for the Privately-Owned Coal-Fired Power Plant in Egypt", Media Release,
March 16 2015.
↑ "Egypt accelerates $3bn coal power plant", Utilities ME, March 17, 2015.
↑ Adam Bouyamourn, "Orascom to fund Egypt power plant through $1.95bn debt", The National, March 16, 2015.
↑ "Egypt: Ministry of Electricity invests $4.5bn in coal-fired power", ESI-Africa.com, March 16, 2015.
↑ "Egypt: Ministry of Electricity invests $4.5bn in coal-fired power", ESI-Africa.com, March 16, 2015.
↑ "Egypt buys electricity from private sector", Middle East Monitor, 16 March 2015.
↑ "Egypt signs USD21.2b power project deals", MenaFn.com, March 15, 2015.
March announcement
During the March 2015 Egypt Economic Development Conference in the city of Sharm el-Sheikh, a raft of power generation deals were announced between the Egyptian Government and private companies. These included:
- Orascom Construction and International Petroleum Investment Company (IPIC) signed a development agreement for a 3 gigawatt US$3 billion coal-fired power station and coal port near the El Hamrawein Port.[1] News reports stated that the agreement guarantees the consortium access to the site to enable it to undertake development studies "while land allocation formalities are being finalised." It was reported that under the agreement the Egyptian government "has pledged full support in assisting the consortium in satisfying the necessary regulatory requirements" and that the agreement "covers various operational aspects such as the Power Purchase Agreement (PPA) and connection to the national grid."[2] [3]
- Al-Nowais Investments Group signed a US$4.5 billion agreement with the Egyptian Electricity Holding Company to construct a 2640 MW coal plant in the Suez region. Egyptian independent news agency Youm7 cited that Electricity and Renewable Energy Minister Mohamed Shaker stating "the environmentally friendly power plant, producing 2,460MW of energy, will not only sustain economic development but will also position Egypt as one of the global leading countries in the field of renewable energy.” The deal was signed between Hussein a-l Nowais, the chairman of Al-Nowais Investments Group, and Gabr el-Desouky, the chairman of the Egyptian Electricity Holding Company.[4]
- it was also reported that the Chairman of the Egyptian Electricity Transmission Company Ahmed al-Hanafy entered into a $1.5 billion agreement to "construct another coal-fired plant in the Delta governorate of Kafr el-Sheikh."[5] It was reported that this was a 2300 MW plant proposed by Benchmark Power International.[6]
- the Egyptian Ministry of Electricity and Renewable Energy signed a US$7 billion agreement with ACWA Power Corporation, a news report stated, "to build a coal-operated power plant with 2,000 megawatt and could be expanded to produce 4,000 megawatt."[7]
