The Egyptian Electricity Holding Company (EEHC) is expected to announce the winning company or consortium for the 6.6 GW-capacity Hamrawein “clean coal” plant by the end of April, EEHC sources tell Al Borsa. The Orascom Construction-Elsewedy Electric-Mitsubishi Hitachi consortium is currently the frontrunner in the selection process, ahead of GE and a Shanghai Electric-Dong Fang-Hassan Allam consortium, they add. The EEHC and Belgian consultancy firm Tractebel expect to complete reviewing the financial offers presented by the end of March, and will then pass along the results of their review to Electricity Minister Mohamed Shaker for a final decision.
More from Enterprise
AI in Egyptian banking is “in its infancy,” and the pause is deliberate
Bankers say the rules aren’t written yet. Data center builders…
Banks threaten to look beyond London as windfall tax talk grows
International lenders say more tax could tip the balance as…
EFG has three more IPOs lined up before year-end, including one hefty offering
Group CEO Karim Awad credits the central bank’s decision to…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…