Cairo – State-run Egyptian Electricity Holding Company announced that a consortium of China's Shanghai Electric and Dongfang Electric Cooperation, and Egypt's Hassan Allam Construction has officially won the establishment of a 6,000-megawatt coal-fired power plant in Hamrawein, the Red Sea.
The Chinese alliance has won the tender after competing against a consortium of Orascom Construction, Elsewedy Electric, and Mitsubishi Hitachi Power Systems and offering the lowest price of $4.4 billion to execute the project, according to the state-run newspaper Al Ahram.
Egyptian Electricity has highlighted that it will sign the construction deal with the consortium over the coming period, which is projected to last for six to seven years.
It is worth noting that the Shanghai Electric-Dongfang Electric consortium vied with General Electric's alliance, which offered $5.8 billion to set up the project.
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