Egypt to sign PPA for Al Nowais coal plant within one month

The Egyptian Electricity Transmission Company (EETC) plans to sign the final power purchase agreement (PPA) with Al Nowais for its USD 4 bn, 2.65 GW coal-fired power plant in Oyoun Moussa within a month, according to an EETC source. EETC has agreed to purchase the power produced from the plant at USD 0.041 per kW. Al Nowais will construct the plant under a 25-year usufruct framework.