EEHC to reach final agreement on Al Nowais’ Oyoun Mousa coal plant by June

The Egyptian Electricity Holding Company (EEHC) is expected to reach a final agreement with the UAE’s Al Nowais for its USD 4 bn “clean coal” power station in Oyoun Mousa by June, an EEHC source said, Al Mal reports. The two sides are still negotiating the feed-in tariff rate for the project, which will likely be set at USD 0.045 per kWh. The company’s proposed tariff ranges from USD 0.058-0.067 per kWh, officials had previously said. According to the EEHC source, Al Nowais is expected to accept the lower tariff in exchange for certain “benefits,” the nature of which he didn’t specify.