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Wednesday, 22 June 2016

Electricity Ministry, Toyota Tsusho in talks to set up USD 1.5 bn, 1.3 GW power station in Qena

The Egyptian Electricity Holding Company will meet today (Wednesday) with representatives from Japan’s Toyota Tsusho (the trading arm of Toyota Group) to discuss building a 1.3 GW, USD 1.5 bn power-generation station in Qena, Al Borsa reported on Tuesday. The combined-cycle plant would have two units, each with a capacity of 650 MW. The Electricity Ministry is also set to hold talks with a number of Japanese firms in the next five months to bring to life memoranda of understanding signed between Egypt and Japan in March, including the establishment of a thermal energy plant with Itochu Corporation; the construction of 1 GW of generation capacity in Marsa Matrouh with Sumitomo Corporation; and a thermal energy plant in Marsa Matrouh with Marubeni Corporation and El Sewedy, among others.

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