March 2017
ORASCOM to sign CP-102 (Civil Works) for Assiut (Walideya) 650MW Supercritical Power Plant
ORASCOM for Construction and Industries is the winning bidder for Assiut (Walideya) 650MW Supercritical Power Plant Civil Works Package CP-102.
Sources at the Upper-Egypt Electricity Production Company (UEEPC) said that ORASCOM will sign a contract over EGP 1.25 billion for the civil works.
Upper Egypt Electricity Production Company's (UEEPC) CEO, Ibrahim El-Shahat, said that the total cost of the power plant amounts to EGP 5bn, noting that financing for the project was secured via loans from international financing bodies, in addition to UEEPC's own resources.
Financiers include the Arab Fund for Economic and Social Development, the Kuwait Fund for Arab Economic Development, the Islamic Development Bank, and the OPEC Fund for International Development (OFID). The UEEPC will finance $170m, roughly 23% of the total cost of the project.
dailynewsegypt
March 2017
TBEA to sign PO-113 (Transformers) for Asiut (Walideya) Supercritical 650 MW
Sources at the Upper-Egypt Electricity Production Company (UEEPC) said that TBEA will be awarded a contract worth EGP 94.860 M for the 500 KV Power Transformers.
Upper Egypt Electricity Production Company's (UEEPC) CEO, Ibrahim El-Shahat, said that the total cost of the power plant amounts to EGP 5bn, noting that financing for the project was secured via loans from international financing bodies, in addition to UEEPC's own resources.
Funders include the Arab Fund for Economic and Social Development, the Kuwait Fund for Arab Economic Development, the Islamic Development Bank, and the OPEC Fund for International Development (OFID). The UEEPC will finance $170m, roughly 23% of the total cost of the project.
dailynewsegypt
March 2017
EETC: 4 Billion EGP to Compensate Contractors For The EGP Devaluation.
Al-Mal news learned from official sources in the Ministry of Electricity and Renewable Energy that the rise in cost of EETC signed projects due to amending these contracts to compensate for the EGP value drop will be close to EGP 4 billion.
The sources said that all the companies that are providing substations and transmission lines projects through contracts signed or negotiated before deregulation, called for amending these contracts as they shall be subject to huge losses due to currency differences. It is anticipated that EETC would call for the Ministry of Finance to participate in financing part of the differences, especially that EETC is already burdened with loans.
EETC formed a committee to negotiate with companies including ABB, Alstom, Schneider Electric and EGEMAC, among other local companies, to amend each contracts separately. The sources indicated that contract amendments are limited to contracts signed in EGP before the currency floatation and confirmed that all contractors are continuing in executing signed contracts with no interruptions. No modification is foreseen for any contract signed after the currency flotation or in foreign currency.
almalnews
March 2017
ARTELIA & AF Consult to win tender for ATAQA Pump Storage Power Plant
An alliance between ARTELIA and AF Consult won the tender for providing the consultancy services to HEPPA for Ataqa pumping storage power plant project.
Sources at the Ministry of Electricity told Daily News Egypt that the alliance will sign the contract for consulting tasks within two weeks.
The consultant will evaluate the technical and financial feasibility studies of the project and will cooperate with the ministry in its negotiations with the Chinese company Sinohydro over the implementation of the project.
Eng. Mohamed Osama, head of the Hydro Power Plants Executive Authority (HPPEA), said that the cabinet approved the project and has allocated the required land for building it as well as licensing the activity. The authority also received the security and environmental approvals.
The government signed a memorandum of understanding with Sinohydro during the Egypt Economic Development Conference held in March 2014 in Sharm El-Sheikh to build a power plant in Ataqa with a capacity of 2,100 MW.
dailynewsegypt
March 2017
Elsewedy is seeking finance for the PV 50MW power plant from IFC and EBRD
Elsewedy Electric is negotiation with International Finance Corporation IFC of the World Bank and the European Bank for reconstruction and development EBRD for a loan of about $75 million, to finance the establishment of a 50MW solar energy plant at BENBAN in Aswan governorate.
almalnews
March 2017
Egypt-Saudi Arabia Interconnection Project Postponed To April
The Egyptian Electricity Holding Company (EEHC) decided to postpone the bid due date for the Egypt-Saudi Arabia electricity interconnection project to mid April.
The project comprises AC/DC conversion stations in addition to 500kV 450km OHTL in Egypt from Badr Substation to Nabq Sub-Station, in addition to 850 km OHTL in Saudi from Medina Sub-Station to Tabuk Sub-Station.
Alstom, ABB, and Siemens are bidding for the project. Offers will be evaluated in coordination with the Saudi side.
The operation of the electric interconnection project with Saudi Arabia will start a trial period in 2019 to exchange 3,000 MW at peak times.
The project estimated cost is about $1.6bn, with the Egyptian side's share amounting to $600m. The Arab Fund for Economic and Social Development, Islamic Development Bank, and the resources of EETC, will contribute to the project's funding along with the Kuwait Fund for Arab Economic Development.
dailynewsegypt
March 2017
EGEMAC Wins A Contract to build 2 Substations - EGP 200 mn
The Egyptian German Electrical Manufacturing Company EGEMAC was awarded an EGP 200 mn EPC contract to build two Sub-Stations in Sadat City (one is 220 kV and the other is 66kV) for the Egyptian Electricity Transmission Company EETC, Chairman Medhat Ramadan told Al Mal. The project will be completed in eight months, Ramadan said.
almalnews
March 2017
BENBAN: The Share Of The Interconnection Work Is Increased to EGP 955k per MW from EGP 583k per MW
RIAD & RIAD LAW FIRM, the the legal advisor for FAS Energy, posted News on Mar 06, 2017 that the share of a 50MW solar project in the interconnection work is increased to EGP 47,750,000 instead of EGP 29,150,000.
http://www.riad-riad.com/en/publications/fit-program-benban-amendment-cost-sharing-agreement
March 2017
Siemens To Service And Maintain 3 Power Plants
Siemens' megaproject in Egypt also comprises 9-year service and maintenance agreements for the three power plants to help ensure the long-term reliability, availability and optimal performance of the units as announced by Siemens webpage.
http://www.siemens.com/press/en/pressrelease/?press=/en/pressrelease/2017/power-gas/pr2017030210pgen.htm&content[]=PG&content[]=Corp
March 2017
EUR 238 M Contract With Siemens for Six Sub-Stations
Siemens will design, supply the equipment needed and build, while Elsewedy Electric will perform the project's electromechanical works, under the terms of the MoU signed during the Egypt Economic Development Conference in 2015.
http://enterprise.press/stories/2017/03/05/electricity-ministry-signs-eur-238-mn-agreement-with-siemens-for-six-power-transmission-stations-nine-year-maintenance-contract-for-the-new-plants/
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