TBEA, Orascom to Build Substation at Walideya Power Plant

TBEA, Orascom to Build Substation at Walideya Power Plant

China’s TBEA and the Egyptian Orascom won the tender for implementing transformers’ substations and civil works for the Walideya power plant in Assiut.

TBEA will be awarded a contract worth around EGP 95m for the substations, while Orascom will sign a contract of over EGP 1.25m for the civil works, according to Daily News Egypt.

The project is composed of a steam turbine with a capacity of 650MW, condensers, generators, and other facilities. The plant works through a steam boiler with super-critical pressure, fueled by natural gas and fuel oil. The output energy will be linked to the main station in Assiut with a voltage of 500KV.

Upper Egypt Electricity Production Company’s (UEEPC) CEO, Ibrahim El-Shahat, said that the total cost of the power plant amounts to EGP 5b, noting that financing for the project was secured through loans from international financing bodies, in addition to UEEPC’s own resources.

Funding institutions include the Arab Fund for Economic and Social Development, the Kuwait Fund for Arab Economic Development, the Islamic Development Bank, and the OPEC Fund for International Development (OFID). The UEEPC will finance $170m, which is around 23% of the total cost of the project.

Dr. Mahinaz El-Baz 318 Posts

Mahinaz El Baz received her PhD degree in International Economics from Helwan University in 2022. She has +10 years of experience in journalism and economic analysis. She received the "Best Economic Article Award" in 2016 from CFA Society Egypt.


Welcome! Login in to your account

Remember me Lost your password?

Don't have account. Register

Lost Password