Egyptian Electricity Holding Company (EEHC)’s CEO, Gaber Desouky, stated that the company will complete Shabab and West Damietta power plants conversion to a combined circuit, with implementation follow progressing during the second half of 2017, reported Daily News Egypt.
The construction at Shabab power plant has reached 83% completion, while the West Damietta construction has reached 80% completions. Thus, the work in the plants is following the stated timetable, and expected to be finalized in the early second half of 2017.
The investment costs for the two power plants are EGP 6b that will be funded by several international financial institutions including the Islamic Development Bank, the European Bank for Reconstruction and Development (EBRD), the European Investment Bank, and the Saudi Fund for Development, in addition to the autonomous resources of East Delta Electricity Production Company.
Desouky explained that converting the gas-fueled power plants into combined circuit plants is a part of the project’s aim to raise the efficiency of power plants to compensate for lost capacity and to meet the growing demand on energy needed to achieve development in all fields.