Winner of Hamrawein Power Plant Tender To Be Announced June 13

Winner of Hamrawein Power Plant Tender To Be Announced June 13
Shoubra El-Kheima Power Station, belonging to the North Cairo Electricity Distribution Company, is pictured in Cairo, April 19, 2014. Egypt needs to find at least $5 billion to invest in its dilapidated power grid, a government official told Reuters, highlighting a major challenge for the next president as the country faces the risk of worsening blackouts this summer. Picture taken April 19, 2014. REUTERS/Amr Abdallah Dalsh (EGYPT – Tags: ENERGY ENVIRONMENT SOCIETY BUSINESS) – RTR3MB4W

The Ministry of Electricity will announce on June 13 the winning consortium to build the 6,000-megawatt coal-fired power plant in the Red Sea port of Hamrawein, an official source at the ministry told Amwal Al Ghad.

The news comes after the three competing international consortiums contacted the ministry asking about the updates on Sunday June 3. The ministry was originally scheduled to inform the bidders about the result before May 27, Reuters reported.

The Chinese consortium that includes Shanghai Electric and Dongfang Electric offered the lowest bid worth $4.4 billion. An American consortium led by General Electric made a $5.2 billion bid, Reuters added, citing Minister of Electricity Mohamed Shaker.

The Japanese-Egyptian consortium that includes Mitsubishi-Hitachi Power Systems, Toyota Tsusho Corp, along with Egypt’s Orascom Construction and El Sewedy Electric, made the most expensive bid worth $6.19 billion. An anonymous source in Toyota told Amwal Al Ghad that the group reduced the cost of its bid following a government request yet the source did not specify whether the $6.19 billion figure was the final offer.

Shaker stated that the government will award the bid to the company who offers the lowest average price for electricity production during the plant’s lifetime.


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