Power plant- Bhumann via Pixabay
CAIRO – 24 August 2017: Construction of the 6GW coal-fired power plant in the Hamrawein area in the Red Sea will start in May 2018.
The Ministry received three offers from three consortiums from the U.S., Japan and China to build the power plant, official sources at the Ministry of Electricity that requested to remain anonymous, told Egypt Today on Wednesday.
“The project’s consultants asked the three bidders to amend some terms of their offers,” the source added.
Bidders were given October as a deadline to re-submit their offers, according to the source.
In June, nine local banks announced intentions to fund $1.5 billion in loans to the project’s construction, including Commercial International Bank (CIB), Qatar National Bank (QNB) Al-Ahli, the Arab African International Bank (AAIB) and others.
Estimated to cost $10 billion, the Egyptian Electricity Transmission Company (EETC) has hired Belgian consultancy Tractebel Engineering Consultancy to review offers.
Previous local media reports stated that Shanghai Electric, Elsewedy Electric-Marubeni consortium, APEC - Orascom consortium and Mitsubishi-Hitachi consortium.