Back to the complete issue
Tuesday, 25 September 2018

Edison, Qalaa scrap plans for USD 150 mn power plant in Abu Qir

Edison, Qalaa scrap plans for USD 150 mn power plant in Abu Qir: Edison and Qalaa Holdings have decided to scrap their plan to build a USD 150 mn combined cycle power plant in Abu Qir after determining that the project would not be financially feasible with current power tariffs, an unnamed source from Edison tells Al Masdar. Qalaa and Edison had planned to sell power from the 180 MW plant directly to consumers. The pair had begun talks with the Electricity Ministry over the plant back in 2016, and had reached an agreement with the EGPC to supply the plant with natural gas from Edison’s concession in Abu Qir.

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. © 2018 Enterprise Ventures LLC.