Back to the complete issue
Wednesday, 27 July 2016

Electricity Ministry submits Dairut power plant project to Cabinet’s economic committee

The Electricity Ministry has submitted the results of the negotiations with Saudi’s ACWA Power over the Dairut power plant to the Cabinet’s economic committee to discuss the stalled project, sources told Al Mal. The Oil Ministry is meant to supply the fuel for the power plant, but negotiations had reached a standstill over the price, the source added. The committee is expected to discuss the project next month. The Dairut power plant has a planned capacity of 2,250 MW divided between three 750 MW combined cycle units and is the Electricity Ministry’s first Build Own Operate (BOO) project, scheduled to come online in 2018.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Etisalat Misr (tax ID: 235-071-579), the leading telecoms provider in Egypt; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.