Another EEDC zombie project sees the light of day? The Egyptian Electricity Holding Company (EEHC) will reportedly sign contracts next month with China’s Sinohydro for the development of a USD 2.6 bn 2.4 GW pumped-storage hydroelectricity power station in Ataqa, Hydro Power Plants Executive Authority boss Mohamed Osama said. The government had signed an MoU with Sinohydro for the project at the Egypt Economic Development Conference (EEDC) in 2015. The EEHC is also studying the establishment of two pumped-storage hydroelectricity power plants in Luxor worth a combined USD 5 bn, sources said yesterday. The EEHC is reviewing offers from international consultants including Artelia Group, Black and Veatch, and Fichtner.

Tags: