The Egyptian Electricity Holding Company (EEHC) wants to amend the tender to or the day-to-day management and maintenance of the three Siemens combined-cycle power plants. The EEHC is reportedly looking to ensure that smaller companies bidding on the tender have financial backing from a bank. The EEHC also wants the offers presented to be the opening position for further negotiations in order to obtain better terms, sources said. The EEHC has shortlisted four out of seven companies and consortia, including Siemens, an Orascom-ADERA Energy consortium, an Elsewedy-EDF consortium, a STEAG GmbH-PGESCo consortium, a Triangle-GD France consortium, Korea’s Doosan, and Japan’s Mitsubishi. The ministry was supposed to select the winning companies this month. The three fully-commissioned plants are also expected to be inaugurated next month with a combined production output of 14.4 GW.
More from Enterprise
Banque du Caire’s blockbuster IPO holds firm against EGX selloff
The IFC and the EBRD are in for USD 100…
Can AI promise Egypt’s lenders more borrowers and fewer bad loans?
Banks are cautious about letting AI judge a borrower. Local…
Egypt’s funds crossed EGP 500 bn in 3Q on retail money and a stalling core
Money market funds stalled while retail piled into equity, index,…
DPI closes Egypt-born fintech fund Nclude at USD 112 mn
The final close adds roughly USD 7 mn to a…