US’s General Electric (GE) and China’s Harbin Electric have agreed to establish an $8b coal-powered electricity station that will run at a total power of 6,510 MW in Egypt, according to Daily News Egypt.
The source added that according to the Ministry of Electricity and Energy, the whole project will consist of launching six units; each will run at a capacity of 1,058 MW. Its location is yet to be determined. The ministry is currently awaiting the the cabinet’s approval to start executing the project. The agreement is expected to be signed within two months of the completion of the first phase.
Energy Egypt reported that the Chairperson of the Connecticut-based GE, Jeffrey Immelt, along with the Chairperson of GE Egypt, Ayman Khattab, have met with both the Egyptian President, Abdel Fattah El-Sisi, and the Minister of the Minister of Electricity and Energy, Mohamed Shaker, in order to discuss further investments and cooperation with the Egyptian government in the energy sector.
GE currently manages the maintenance and development of a number of electricity production units in Ataka, El-Nubariya, and Benha. The company has plans to expand its investments in the Egypt’s energy sector and transform Egypt into a center of the industry trade.