Solar Projects Egypt 2016
 
Saturday, June 25, 2016
Directory Directory Subscribe
Login
 

Saudi-led consortium to develop 2,250MW power project in Egypt

 
 

Please, enter data

Please, enter data

Daily News Egypt, 29 March 2016

Egypt is preparing to award the contract to develop the 2,250MW Dairut IPP before the end of April.

According to sources close to the project, the Egyptian Electricity Holding Company (EEHC) is in advanced negotiations with the Saudi developer Acwa Power, and the developer is likely to be awarded the deal in late April. The power purchase agreement (PPA) is also expected to be signed at this time.

It was reported in March 2015 that Acwa Power was the only bidder to submit a proposal for the IPP, which has an estimated value of $2.5bn.

Speaking at the Egypt Energy Investment Summit in Cairo on 17 February, Fouad Mohamed Mansour, head of private power plants sector, EEHC, announced that negotiations with Saudi developer were entering the final stages and that the developer would be appointed “very soon”.

The combined-cycle Dairut project is regarded as a key scheme for Egypt’s development, representing the largest IPP tendered to date and also the first one in the market since the late 1990s. At the EEDC, the Electricity & Energy Ministry revealed it was planning for $25bn of the total $70bn of total investment required in the power sector in the period up to 2022 to come from the private sector. Three build-own-operate-transfer (BOOT) IPPs started up in the early 2000s, each comprising two steam turbine units of about 340MW. The first was undertaken by Intergen, a developer then affiliated with the US’ Bechtel, and Italy’s Edison at Sidi Krier, east of Alexandria. Two more followed, in Suez and Port Said East, carried out by France’s EDF International.

Intergen sold its stake in Sidi Krier soon after start-up to US-based Globeleq, which acquired 100 per cent control in 2005, when it bought the stake held by Edison. Two years later, Sidi Krier changed hands again when a partnership of Malaysia’s Tanjong and Saudi Arabia’s Jomaih Group bought the Middle East and North Africa assets of Globeleq. In 2010, Tanjong consolidated its position in Egypt by buying the Suez and Port Said East plants from EDF for $307m, although it maintains its interests through Egyptian Operating Company.

In 2009, the government revived plans for private sector involvement in the power sector and EEHC issued a tender for a build-own-operate combined-cycle plant at Dairut.

EEHC received 19 applications for the prequalification phase, one of which was approved. By the time of the revolution in January 2011, the government had yet to conclude agreements with legal and financial advisers, and there was no progress with the scheme until early 2013.
Daily News Egypt
29 March

  COMMENTS
Login to Add Your Comment  (for subscribers) | Subscribe

 

Latest News

Qatar uses 3D printers to make World Cup stadiums ‘desert-proof’
Reuters, 24 June 2016

Scientists at Qatar University are testing 3D-printed models of football stadiums that Qatar is building for the 2022 World Cup to see if they can endure the ...

Read full story
Qatar uses 3D printers to make World Cup stadiums ‘desert-proof’
GCC fuels $100 billion in airport construction projects
Khaleej Times, 24 June 2016

The GCC is fueling $100 billion in airport expansion and construction projects on the back of a projected around five per cent annual surge in passenger numbers ...

Read full story
GCC fuels $100 billion in airport construction projects
Back to Home Page 2785 --- 385 <><><> 977.16666666667.....exvideo=0....eximage=0
P 0
BR 16

Solar Projects Egypt 2016

 

 
3rd Annual Future Interiors Qatar
5 - September 2016
TPLA Experience Tech UAE
5 - September 2016
2nd Annual Solar Projects Egypt
6 - September 2016
2nd Annual LightingTech Egypt
26 - September 2016
2nd Annual Smart Parking UAE
28 - September 2016
 
  View more  

Market Indecies
 
Saudi SE - 2.32%
Dubai FM - 4.53%
Abu Dhabi SE - 3.99%
Kuwait SE - 1.51%
Doha SM - 8.36%
Muscat SM - 6.18%
Casablanca SE Closed
Bahrain SE - 0.98%
Cairo SE Closed
Amman SE - 1.12%
 

Smart Parking UAE 2016

Quick Links
  Reports  
  Articles  
  Brochures & Flyers  

Up-coming events
  2nd Annual Solar Projects Egypt - 6 September - 7 September 2016  
  2nd Annual LightingTech Egypt - 15 November - 16 November 2016  
  Project Egypt - 8 February - 11 February 2017  
  Food Africa Cairo - 22 April - 24 April 2017  
IFP Group Events Calendar

 


Notice: Undefined variable: left3 in C:\inetpub\wwwroot\rec2008\ifpinfo\ifpinfo-news.php on line 1545

Magazine sections
  Finance  
  Zoom  
  Growth Markets  
  Regional Overview  
  Editorial  
  Tips and Tricks  
  Spotlight  
  Home Finance  
  Our Meetings
 
  Focus
 
  News
 
  Legal Issues
 

 

               
IFP Corporate
• IFP Emirates
• IFP Lebanon
• IFP Qatar
• IFP Iraq
• REC Saudi Arabia
• IFP China
Lebanon
Energy Lebanon
Project Lebanon
Qatar
3rd Annual Future Drainage & Stormwater Networks Qatar
3rd Annual Future Interiors Qatar
3rd Annual Future Landscape & Public Realm Qatar
Heavy Max
Hospitality Qatar
Project Qatar
Qatar StoneTech
Iraq
Energy Iraq - Erbil
Erbil International Fair
Iraq Agro-Food - Baghdad 2016
Iraq Agro-Food - Erbil
Medicare Iraq Erbil
Project Iraq - Erbil
Saudi Arabia
PMV Series at Saudi Build
Saudi Agriculture
Saudi Agrofood
Saudi Build
Saudi Power Sports
Saudi Stone-Tech
Saudi Transport
Riyadh Motor Show
 
 
  IMC
IFP Group 2016 - © All rights reserved