Orascom Seeks Consortium for a $8b Coal Plant Bid

Orascom Seeks Consortium for a $8b Coal Plant Bid

Orascom Construction is in talks over a consortium to bid on establishing the 6000 MW $8b Hamrawein clean coal power plant, CEO, Osama Bishai said. Bishai named Shanghai Electric, Dongfang Electric, Mitsubishi Hitachi, and Sumitomo Electric, as potential partners the company is negotiating with, Al Mal reported.

Meanwhile, Egypt’s Ministry of Electricity and Renewable Energy has agreed to postpone receiving the bids until May 2017 upon the companies’ requests.

Orascom, which is keen on expanding its coal projects,  is slowing down the implementation of the plant as the Ministry of Electricity is seeking EPC+Finance-based projects, which will be an uneasy task for the company at the moment.

In relevant news, the ministry signed an agreement with Egypt’s Orascom  and Saudi Arabia’s APEC in November 2014 to set up a $3.5b coal-fired power.

Mahinaz El-Baz 312 Posts

Mahinaz El Baz received her MSc degree in Foreign Trade Economics from Helwan University in 2016. She has two years of experience in journalism and four years of experiance in economic analysis. She received the "Best Economic Article Award" in 2016 from CFA Society Egypt.

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