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Tag: Power Plant

Zarou is reportedly leading the race for a stake in Siemens power plants

Posted: November 13, 2019 at 3:23 pm   /   Electricity & Power

Zarou is the top contender for stake in Siemens power plants: Blackstone Group’s Zarou is reportedly the frontrunner out of six investors looking to acquire a stake in the Siemens / Orascom Construction / Elsewedy combined-cycle power plants, unnamed Electricity Ministry sources tell Al Mal. The energy development company has reportedly submitted the best financial […]

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Egypt mulls offers from Zarou, Edra to take over Siemens Power Plants

Posted: May 28, 2019 at 4:38 pm   /   Electricity & Power

Egypt is considering offers from a Blackstone Group unit and Edra Power Holdings Sdn Bhd of Malaysia to take over three power plants co-built by Siemens AG — a move that could cut the North African nation’s debts while bringing in much-needed foreign investment. Both Blackstone’s Zarou Ltd. and Edra have voiced interest in the […]

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Egypt signs $2.3 billion power plant deal with Saudi ACWA Power

Posted: November 3, 2018 at 1:51 pm   /   Electricity & Power

Egypt signed a deal with Saudi Arabian utility developer ACWA Power on Thursday to build a $2.3 billion power plant in the country’s south, the Egyptian electricity minister said. The plant, which will have a capacity of 2,250 megawatts (MW), will be built in Luxor province, the minister, Mohamed Shaker, told a news conference. He […]

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Mitsubishi Hitachi

Mitsubishi Hitachi wins Cairo power plant renewal contract

Posted: May 18, 2018 at 2:18 pm   /   Electricity & Power

Mitsubishi Hitachi Power Systems (MHPS) has signed a contract with Cairo Electricity Production Company (CEPC) for the renewal of the Cairo West natural gas and heavy fuel oil-fired thermal power plant. As per the deal, MHPS will renew four existing power generation boilers with a rated output of 1,360 MW, extending their lifetime and enhancing […]

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ADFD provides $85 million in strategic funding for energy projects in Egypt

Posted: July 26, 2017 at 1:10 pm   /   Electricity & Power

The Abu Dhabi Fund for Development (ADFD) and the Government of Egypt have long enjoyed close and strategic ties. The constructive cooperation between the two parties continues to promote sustainable development in vital economic sectors that benefit the citizens of Egypt. To date, the Fund supported Egypt with Abu Dhabi government grants and concessionary loans […]

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New 150 MW power plant inaugurated at Ethydco complex

Posted: July 8, 2017 at 5:38 pm   /   Electricity & Power

A new 150MW power plant was inaugurated at the complex of the Egyptian Ethylene and Derivatives Company (ETHYDCO) Thursday, at a cost of $98 million. The power plant was built by the Engineering Co. for Petroleum and Process Industries (ENPPI) and the Egyptian Maintenance Company (EMC – Sun Misr), Minister of Petroleum Tarek El-Molla said […]

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Hassan Allam

Hassan Allam starts civil works at 650 MW West Cairo power plant

Posted: July 5, 2017 at 3:23 pm   /   Electricity & Power

Hassan Allam broke ground on civil work at the 650 MW West Cairo power plant for some c. EGP 1.1 billion in investments, Al Mal reported on Tuesday. The firm is days away from signing a funding agreement with the Islamic Development Bank to finance the EGP 6 billion project, which should come on stream […]

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Orascom signs contract for $100m Egyptian power plant at Walideya

Posted: July 5, 2017 at 2:54 pm   /   Electricity & Power

The company would carry out full civil works for the plant, which is based at Walideya, close to its existing power plant project in Assiut. The contractor Orascom Construction has signed a contract worth US$100 million to build a new steam turbine power plant in Egypt. The Abu Dhabi-based company, whose shares are listed on […]

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