Power Generation News

October 2018

ACWA Power is planning to sign PPA for Suez Gulf 500 MW wind power generation plant by 2018's end

The Saudi company ACWA Power is planning to sign a power purchase agreement (PPA) with the EETC for its USD 500M, Suez Gulf 500 MW wind project before the end of 2018, ACWA Power CEO Paddy Padmanathan said to Alborsa News website. The plant construction is scheduled to start end of Nov, 2018.

October 2018

EETC and Al Nowais Negotiations for Oyoun Moussa coal-fired plant have stalled

AL Mal News Website shared the news that Al Nowais Oyoun Moussa coal-fired plant kWH tariff could not be reached due to many factors including the difficulty for constructing a coal port in the shallow Red Sea shore of Oyoun Moussa, sauvernty guarantee, technology to be used, and land assignment. Enterprise news website shared the news on April 2018 that the Egyptian Electricity Holding Company expected to reach a final agreement on the USD 4 bn project with Al Nowais by June 2018. In October 2018 Enterprise news website shared the announcement that the construction of the project will be completed in four years

October 2018

ACWA Power & Al Nowais Announced their plans to finish Oyoun Moussa &Luxor power plants in 4 years

An unnamed source at the Electricity Ministry announced that the Electricity Ministry expects to finalize talks with Abu Dhabi's Al Nowais on the tariff for the energy generated from the plant, which has been ongoing for well over three years since the project was first announced. Al Nowais is planning to invest USD 4bn on the 2640MW coal-fired power plant in Oyoun Moussa and expects to complete the project within 4 years. Additionally, following a meeting between Prime Minister Mostafa Madbouly and ACWA Power CEO Paddy Padmanathan in Cairo on 10 Oct. 2018, ACWA Power announced its plans to complete the 2.25GW gas-fired power plant in Luxor within 4 years, with an estimated investment of USD 2.2 bn. (see Youm7). This project has been developing for several years and now has reached the stage where the final location of the power plant has been established. The two sides discussed the progress of the contract. Mr. Padmanathan also described ACWA Power capabilities in water desalination and the technological advances that have made this technology more economically viable. The two parties discussed the possibility to cooperate in desalination projects in the future.

October 2018

GE Power to deliver four turbines for DABAA nuclear project

GE Power announced in a statement on Oct. 9, 2018 that it won a contract to deliver four nuclear turbine islands to the 4.8 GW Dabaa nuclear power plant. The four nuclear turbine generator sets, including the Arabelle half-speed steam turbines will be installed and delivered through AAEM, GE's joint venture with Russia's Atomenergomash. The company statement did not note the value of the contract, but Bloomberg estimate is USD 700 mn. The turbine contract is GE's largest in the Middle East, North Africa and Turkey this year, GE North East Africa CEO Ahmed Ramadan stated.

October 2018

The Saudi Fas Energy, a subsidiary of Al Hokair Group, is looking to invest up to USD 420 mn in solar energy and waste recycling projects in Egypt, the company's general manager Mr. Sabri Asfour stated to Alborsa News. The Saudi company is planning to build a USD 95 mn solar generation plant and to invest about USD 325 mn in waste recycling project, Asfour said. The company has already invested some USD 100 mn in the Benban solar park where it did build a 50 MW solar power plant under phase one of the feed-in tariff program, through which it will sell electricity to Egypt at USD 0.14 per kWh for 25 years.

October 2018

IRENA: The current pace of investments would enable Egypt to cover 25% of its energy needs from ren

President Abdel Fattah El Sisi met on Oct 9th with the International Renewable Energy Agency IRENA Director-General Adnan Amin, who was in Cairo while his organization presented its report at the "Egypt Renewable Energy Conference", which is currently held in Cairo. President El Sisi told Amin that the government targets 20% renewables in Egypt's 2023 energy mix and 42% by 2035.

The International Renewable Energy Agency (IRENA) says in a report (pdf) on Egypt's renewable energy concluded that Egypt needs to increase its investment in clean energy by threefold increase to meet its energy targets of producing half of the country's electricity needs from renewables by 2030. The existing policies have investment in renewable resources set at USD 2.5 bn per annum, but IRENA says this figure would need to be raised to USD 6.5 bn per year until 2030 in order to meet the set targets. IRENA considers that the current pace of investments would enable Egypt to cover around 25% of its energy needs from renewable sources. Increasing the reliance on renewable energy sources would cut down energy costs by USD 900 mn per year on average compared to current energy plans.

IRENA indicated that among the top priorities for the government to realize its renewable resources target are
- Cutting off energy subsidies altogether,
- Streamlining administrative procedures for investors,
- Conducting feasibility studies on the potential exploitation of biomass, and
- Encouraging the development of the local production of renewable energy equipment.

June 2018

Chinese Consortium Awarded Hamrawein Coal Plant project

The Egyptian Electricity Holding Company (EEHC) announced that the winning bidder for the Hamrawein 6 GW clean coal power plant project is the a consortium comprising Chinese companies Shanghai Electric and Dong Fang, together with Hassan Allam of Egypt. The winning price for the construction of the plant was US$4.4 billion and the expected construction period is 6 to 7 years after formalizing all necessary contracts. Other participants in the tender were a consortium of Elsewedy Electric and Orascom Construction together with Mitsubishi-Hitachi and a standalone bid from General Electric.

March 2018

Inauguration of the First Solar Power Plant in Benban

Infinity Solar is scheduled to inaugurate its 50MW Solar Power Plant in Benban, Aswan. This is the first of 32 plants that are due to be established in Benban to make it the largest solar power park in the world. The total planned capacity from the Benban Park is expected to be 1600MW.
This is in line with the Ministry of Electricity and Renewable Energy plan to produce 20% of the total electricity from renewable energy sources by 2022, and increase this figure to 37.5% by the year 2035.

March 2018

Orascom, Engie and Toyota Tsusho to Build Wind Farm in Egypt

Egyptian Electricity Transmission Company (EETC) signed an agreement with a multinational consortium comprising Orascom Cosntruction, Engie and Toyota Tsusho to build a 250MW wind farm in Gabal Elzeit by the Red Sea. The farm shall be built under a build-own-operate framework with an expected investment of US$400 million.
Trial operation and linking to the national grid is planned for mid-2019 and it is expected that the farm will be fully linked and operational by the end of 2019.

https://steelguru.com/power/orascom-engie-and-toyota-tsusho-to-build-wind-farm-in-egypt/504116

March 2018

EETC Signs East Sohag Substation Contract

Egyptian Electricity Transmission Company (EETC) awarded the contract to build the East Sohag substation on a turnkey basis to the consortium of AlKharafi Taikai NHVS. The contract value is EGP653 million and the project execution is expected to take 12 months.

www.almalnews.com