Qalaa, Edison postpone gov’t negotiations to build EUR 100 mn power plant

Qalaa Holding and Italy’s Edison postponed negotiations with the Electricity Ministry to build a EUR 100 mn power plant in Abu Qir, until the ministry announces new electricity prices in July, Al Borsa reports. The plant, which is expected to produce 180 MW, is co-financed by both companies. Electricity from the project would be sold directly to consumers.