South Korea’s Global Knowledge Company (GKC) will sign today contracts to develop a USD 225 mn waste-to-energy power plant in Beheira under a build–operate–transfer framework, Al Borsa reports. The signing reportedly comes after two years of regulatory haggling to get the project off the ground over licensing. The newspaper claims that the Administrative Control Authority (ACA) had intervened to grant GKC a license to operate in Egypt after the company reportedly threatened to back out of two projects worth a combined USD 450 mn. Company reps have been holding meetings with the ACA and the Environments Ministry to resolve the issue over the past month, said the company’s CEO for the MENA region Ehab Tahoun.

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