The Electricity Ministry is expected to sign in December the final contracts with China’s Sinohydro for the development of a USD 2.6 bn, 2.4 GW pumped-storage hydroelectricity power station in Ataqa, sources from the Hydro Power Plants Executive Authority tell Amwal Al Ghad. The power plant acquired the final environmental approvals earlier this month. Egypt and Sinohydro signed the initial contracts during President Abdel Fattah El Sisi’s recent visit to China.

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