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Wednesday, 1 February 2017

Electricity Ministry pushes two coal power station projects to 2022-2027 plan

The Electricity Ministry pushed a 2,600 MW coal power station project from the UAE’s Al Nowais to its 2022-2027 five-year plan from the 2017-2022 one, Al Borsa reports. The Emirati company had signed a memorandum of understanding with Egypt in September 2014, but has rejected certain clauses in the contract for the project, including ones on arbitration and the government’s financial guarantees, sources from the Electricity Ministry told the newspaper. The ministry also postponed another coal power station in El Hamrawein to 2022-2027, saying that studies and negotiations on the project remain incomplete, and the ministry has a production surplus of 4,000 MW per day.

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