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Monday, 18 July 2016

Electricity ministry studies completing Damanhour power station through turnkey system

The electricity ministry is studying building the Damanhour power station through one EPC (engineering, procurement and construction) and finance contract instead of multiple tenders after classifying the project as part of its 2017-2022 plan, Al Borsa reported. The ministry had recently reached an agreement with the African Development Bank for a USD 80 mn loan to fund the project, but the bank is awaiting a decision on changing the tender system. The total cost of the project is estimated at around USD 1.3 bn.

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