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Tuesday, 24 July 2018

EEHC to sign final contracts for Hamrawein coal power plant in September

Hassan Allam to sign final contracts for Hamrawein coal power plant in September: In other Hassan Allam news, a consortium made up of Hassan Allam Construction, and China’s Shanghai Electric and Dongfang Electric will reportedly sign in September the final contracts for the 6 GW Hamrawein ‘clean coal’ power plant with the Egyptian Electricity Holding Company, an Electricity Ministry official tells Al Mal. The consortium will source 78% of the USD 4.4 bn needed to build the plant through Chinese financiers, with the balance (around USD 950 mn) set to be acquired through local banks, according to the official, who notes that funding should be secured within the next six months by early 2019.

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