The Electricity Ministry is looking at potentially postponing all coal-fired power projects or offering investors the option to switch to a renewable energy project, Egyptian Electricity Holding Company (EEHC) head Gaber El Desouky told Al Mal. According to El Desouky, the pending coal projects are worth a combined USD 6 bn and would produce 9.25 GW of energy. The ministry pulled the plug on Al Nowais Investments’ USD 4 bn, 2.65 GW coal station in Oyoun Moussa last month due to the country’s current electricity surplus and the high price tag of the project. The Emirati company began bidding to build USD 700 mn-worth of renewable energy plants in Egypt after Al Nowais was pulled.

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