ACWA Power is comparing three bids from Siemens, General Electric, and Mitsubishi Electric to supply production units for its 2.25 gigawatt (GW) Luxor power plant, sources told Daily News Egypt .
The project consists of three installed units with a capacity of 650 megawatts (MW) each. This shall be the first station to be built on the Build, Own, Operate (BOO) scheme.
The sources stated that the company has agreed with a number of international banking institutions to fund the project and start commercial operation by the end of 2022.
The company is still reviewing the offers to choose the best equipment and units with the highest efficiency and technology in accordance with the agreed standards with the Ministry of Electricity.
Meanwhile, the Ministry of Petroleum has agreed with Saudi Arabia’s ACWA Power to finance the construction of a natural gas pipeline to feed the plant in Luxor, at a total cost of about EGP 1.6 billion.