Back to the complete issue
Tuesday, 24 December 2019

EEHC reviews Attaqa pumped-storage plant contract

The Egyptian Electricity Holding Company (EEHC) is reviewing the draft contract submitted two weeks ago by China’s Sinohydro to inaugurate a pumped-storage hydroelectricity station at Attaqa, sources told the local press. The final contracts for the project are scheduled to be signed during the first half of 2020. Plans for the massive-scale plant came into fruition during the EEDC, but were stalled for years until the president’s recent visit to China, where initial contracts were inked, before EEHC signed a funding contract for USD 2.6 bn with China Eximbank.

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; 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.