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Sunday, 18 February 2018

Everything you needed to know about the Hamrawein power plant tender

EXCLUSIVE- Details of three competing Hamrawein power plant bids revealed: Details on the offers presented for the 6.6 GW-capacity Hamrawein power plant — the largest tender ever held by the Egyptian Electricity Holding Company (EEHC) — began to emerge over the weekend. As we noted last week, three consortiums are bidding on the project. Sources also tell us that the EEHC will announce the final winners of the project in two weeks. Our sources tell us the breakdown of the offers is as follows:

  • Orascom Construction, Elsewedy Electric, Mitsubishi Hitachi Power Systems consortium: The group is quoting USD 7 bn to build the plant and has generation costs at USD 0.045 per KWh.
  • Shanghai Electric, Dong Fang, Hassan Allam Construction consortium: The consortium is quoting a price tag of USD 4.4 bn, with 27% of the costs to be paid in EGP to meet the EEHC’s domestic component requirements. They will charge USD 0.054 per KWh to generate power.
  • GE: The company, which appears to be going at it alone, would charge USD 5.8 bn to develop the plan and is quoting a feed-in-tariff rate of USD 0.07 per KWh.

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