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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.

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