The Egyptian Ministry of Electricity and Renewable Energy contracted with Belgian consulting office Tractebel Engineering Consultancy Company in order to evaluate technical and financial offers for establishing a coal-fueled power plant. The plant will cost $10b with production capacity 6,000MW, reported Daily News Egypt.
Sources with the Ministry of Electricity stated that Tractebel Engineering will review the bids and the technical, legal, and financial aspects of the offers. Then the evaluation results will be announced in April 2017.
The ministry plans to sign the plant’s agreement in 2017. Yet, executing the facility will be scheduled for mid-2018, as part of the ministry’s plan until 2035.
The companies bidding on the coal-fueled power plant are Shanghai Electric, Dongfang Electric, Harbin Electric International and General Electric alliance, as well as Marubeni and El Sewedy Electric alliance.
First Undersecretary for Development at the Ministry of Electricity, Sabah Mashaly, informed that the ministry will choose the best offers. She added that the ministry had further signed a memoranda of understanding (MoU) to build power plants to be operated by fuel on an engineering, procurement, and construction (EPC+Finance) scheme.This came as the ministry aims to produce 7,000MW of coal-fired plants by 2023.