Egypt to tender for $7.42bn trio of power plans

Tender for first plant in city of Dayrout expected by mid-May

NEWS, Business

Egypt is set to issue tenders for three major new power stations that are expected to cost up to $7.4bn (EGP: 50bn) and be capable of producing over 5,500MW of electrictity.

According to the Cairo-based Al Ahram newspaper, a 2,250MW plant is planned for the city of Dayrout, while a 1,950MW plant is planned for Beni Suef and a 1,300MW steam-generated plant is proposed for Qena.

Minister of energy and electricity Ahmed Imam said that government guarantees had been gained for purchasing power from the projects in advance of a new Electricity Law.

An initial list of ten firms has already pre-qualified to tender for the Dayrout project - for which a tender is due to be issued in mid-May.

Letters of intention from private sector firms interested in developing the other two plants under build, operate and transfer projects are expected by the middle of next month.

The newspaper said that the projects were included within the seventh five-year plan for 2007-12 and were in keeping with plans to intriduce more private sector investment into the country.

 

 

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