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Monday, 30 May 2016

El Sewedy Electric completes studies on new power plant in December

El Sewedy Electric is set to complete feasibility studies for a new coal-fired power plant in partnership with Marubeni Corporation ahead of presenting the financial and technical bids to the Electricity Minister in early 2017, reports Al Borsa. The power plant will be located west of Marsa Matruh and will be built under the EPC-plus-finance system, said CEO Ahmed El Sewedy. The project will be built in two phases, each with a capacity of 2,000 MW; the facility will also desalinate 360k sqm/d of water, said El Sewedy.

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