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| 24 June, 2018

Chinese consortium wins Egypt's Hamrawein coal-fired power plant construction

The Chinese alliance offered the lowest price of $4.4bln to execute the project

Image used for illustrative purpose.
General view of the Provence coal-fired power station at night, in Gardanne, France, December 4, 2017.

Image used for illustrative purpose. General view of the Provence coal-fired power station at night, in Gardanne, France, December 4, 2017.

REUTERS/Jean-Paul Pelissier

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.

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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.

Source: Mubasher

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