The Electricity Ministry has delayed bidding on the USD 8 bn Hamrawein “clean coal” power plant to next month from mid-October, sources tell Al Mal. The delay reportedly came at the request of the bidding companies, sources added. As we noted back in June, General Electric, Shanghai Electric, and a Marubeni-Mitsubishi JV were the top players bidding on the plant. The ministry is looking to sign contracts for the plant by the end of 2018, with an eye to completing the project by 2025.
More from Enterprise
Four foreign funds line up USD 256 mn for Banque du Caire
London’s Redwheel is among the backers, nearly two weeks after…
Inside the financing of Egypt’s IPP boom
The contracts and the resources are proven, so the open…
A dozen companies have moved up from the SME board, and analysts say investors should look at how capital is being raised
Companies can apply to move to the main board above…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…