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Electricity & Power

Edison, Qalaa Holdings scrap plan for 150 MW Abu Qir power plant

Posted: September 25, 2018 at 2:58 pm   /   by   /   comments (0)

Edison and Qalaa Holdings have decided to scrap their plan to build a $150 million combined cycle power plant in Abu Qir after determining that the project would not be financially feasible with current power tariffs, an unnamed source from Edison tells Al Masdar. Qalaa and Edison had planned to sell power from the 180 MW plant directly to consumers. The pair had begun talks with the Electricity Ministry over the plant back in 2016, and had reached an agreement with the EGPC to supply the plant with natural gas from Edison’s concession in Abu Qir.