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EEHC meets Toyota Tsusho to establish $1.3bn power plant in Qena - Daily News Egypt

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EEHC meets Toyota Tsusho to establish $1.3bn power plant in Qena

MoUs signed during Al-Sisi’s visit to Japan to be activated within five months


Egyptian Electricity Holding Company (EEHC) met with Japan’s Toyota Tsusho on Wednesday to negotiate establishing a power plant in Qena, in an attempt to support the area’s energy supply. The power plant will cost $1.3bn, enjoying a capacity of 1,300 MW.

Sources at EEHC said that initial studies propose building two production units, each with a capacity of 650 MW. Both units would work through a combined cycle system.

The sources also told Daily News Egypt that the next five months will see further talks and negotiations with Japanese companies to activate the Memorandums of Understanding (MoUs) that were signed during the President Abdel-Fattah Al-Sisi’s visit to Japan last March.

Those MOUs include establishing a thermal energy plant with Itochu, electric power generators in Marsa Matrouh with a capacity of 1,000 MW with Sumitomo, and another thermal energy establishment west of Marsa Matrouh with Marubeni.

Moreover, a third thermal energy MoU with Mitsubishi Hitachi Power Systems in Marsa Matrouh will be implemented. The MoU also covers maintenance.

The EEHC sources said that the Ministry of Electricity aims to secure energy needs to all citizens and avoid resorting to interruption or commutation loads, highlighting a number of memoranda that have been activated, including a coal-powered plant in Hamrawein, water pumping and storage stations in Ataka, and a number of new and renewable energy projects.

The Ministry of Electricity is working to raise the efficiency of the electricity distribution grid with a cost of EGP 16bn.

Furthermore, the ministry also aims to double the ultra-high-voltage grid capacity in the coming years to secure electricity to all Egyptians and diversify sources of electricity production as a means of achieving sustainable development.

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https://dailynewsegypt.com/2016/06/22/eehc-meets-toyota-tsusho-to-establish-1-3bn-power-plant-in-qena/
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