{"id":628088,"date":"2018-06-25T04:52:54","date_gmt":"2018-06-25T04:52:54","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/25\/hassan-allam-consortium-wins-contract-for-usd-4-4-bn-hamrawein-clean-coal-power-plant-on-the-red-sea\/"},"modified":"2018-06-25T04:52:54","modified_gmt":"2018-06-25T04:52:54","slug":"hassan-allam-consortium-wins-contract-for-usd-4-4-bn-hamrawein-clean-coal-power-plant-on-the-red-sea","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/25\/hassan-allam-consortium-wins-contract-for-usd-4-4-bn-hamrawein-clean-coal-power-plant-on-the-red-sea\/","title":{"rendered":"Hassan Allam consortium wins contract for USD 4.4 bn Hamrawein \u2018clean coal\u2019 power plant on the Red Sea"},"content":{"rendered":"

<\/a> Hassan Allam consortium wins contract for USD 4.4 bn Hamrawein \u2018clean coal\u2019 power plant on the Red Sea:<\/strong> A Chinese consortium of Hassan Allam Construction, China\u2019s Shanghai Electric and Dong Fang has won a USD 4.4 bn contract from the Egyptian Electricity Holding Company (EEHC) to build a 6 GW clean coal power plant on the Red Sea. The facility will be the largest coal-fired plant in the Middle East and Africa when it comes online six years from the start of construction, we\u2019re told. Egypt\u2019s first coal power plant will include six generation units of 1,000 MW each. Hassan Allam Holding subsidiary PGESCO will be carrying out a large portion of the engineering work on the project, sources close to the winning bid tell us. The consortium edged out rival bids from General Electric and a Mitsubishi-Hitachi-Orascom-Sewedy consortium for the contract. The Hamrawein plant will be built on an engineering, procurement, construction plus finance (EPC+F) basis, MEED reports<\/a>.<\/p>\n

Parent company is planning IPO: <\/strong>Hassan Allam Construction is a division of Hassan Allam Holding, which we reported in May has plans for an initial public offering<\/a> this fall. EFG Hermes and Renaissance Capital are said to be leading the IPO as joint global coordinators, while Arqaam Capital has been tapped as bookrunner.<\/p>\n","protected":false},"excerpt":{"rendered":"

Hassan Allam consortium wins contract for USD 4.4 bn Hamrawein \u2018clean coal\u2019 power plant on the Red Sea: A Chinese consortium of Hassan Allam Construction, China\u2019s Shanghai Electric and Dong Fang has won a USD 4.4 bn contract from the Egyptian Electricity Holding Company (EEHC) to build a 6 GW clean coal power plant on […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-628088","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"e0cee2fa-6a5a-4d74-99f1-4f2a48359035","order":"0","is_powered_by":true,"section_story_id":"8a3b376b-9173-4e2f-aad4-d49f6b671955","story_type":"1","photo_url":"","photo_position":"above","related_issue":[628075],"teaser":"","voice_url":""},"yoast_head":"\nHassan 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September the final contracts for the 6 GW Hamrawein \u2018clean coal\u2019 power plant\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":592105,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/26\/egypt-might-be-scrapping-shanghai-electrics-usd-4-4-bn-clean-coal-power-plant\/","url_meta":{"origin":628088,"position":1},"title":"Egypt might be scrapping Shanghai Electric\u2019s USD 4.4 bn \u201cclean coal\u201d power plant","author":"enterpriseam admin","date":"26 December 2019","format":false,"excerpt":"INVESTMENT WATCH- Shanghai Electric\u2019s USD 4.4 bn \u201cclean coal\u201d power plant could be scrapped or postponed: The Electricity Ministry is looking into potentially postponing or scrapping altogether the USD 4.4 bn, 6 GW-capacity \u201cclean coal\u201d power plant a Shanghai Electric-Hassan Allam-Dongfeng Electric consortium was set to construct in Hamrawein, unnamed\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":628060,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/24\/chinese-consortium-lands-hamrawein-coal-plant-tender\/","url_meta":{"origin":628088,"position":2},"title":"Chinese consortium lands Hamrawein coal plant tender","author":"enterpriseam admin","date":"24 June 2018","format":false,"excerpt":"The Egyptian Electricity Holding Company (EEHC) awarded a Shanghai Electric-Dong Fang-Hassan Allam consortium the tender for the 6 GW Hamrawein \u201cclean coal\u201d power plant, Al Ahram reports. The consortium, which edged out an Orascom Construction-Elsewedy Electric-Mitsubishi Hitachi consortium and GE, had reportedly presented the lowest offer for the construction of\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":601717,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/07\/finmin-mulling-issuing-letter-of-guarantee-for-hamrawein-coal-plant\/","url_meta":{"origin":628088,"position":3},"title":"FinMin mulling issuing letter of guarantee for Hamrawein coal plant","author":"enterpriseam admin","date":"7 March 2019","format":false,"excerpt":"The Finance Ministry is set to meet next month with the China Development Bank (CDB) to discuss the latter\u2019s offer to finance the USD 4.4 bn, 6 GW Hamrawein \u201cclean coal\u201d power plant ahead of issuing a letter of guarantee for the project, according to unnamed government sources. CDB is\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":601092,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/19\/final-contracts-for-egypts-hamrawein-coal-project-to-be-signed-mid-2019\/","url_meta":{"origin":628088,"position":4},"title":"Final contracts for Egypt\u2019s Hamrawein coal project to be signed mid-2019","author":"enterpriseam admin","date":"19 February 2019","format":false,"excerpt":"Final contracts for Hamrawein \u2018clean coal\u2019 project to be signed mid-2019: The Chinese company constructing the 6 GW Hamrawein \u2018clean coal\u2019 power plant aims to sign final contracts with Egypt by mid-2019, said Han Bing, minister-counsellor for commercial Affairs at the Chinese embassy in Cairo. Bing said negotiations between the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":630624,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/26\/another-hurdle-in-getting-hamrawein-power-plant-up-and-running\/","url_meta":{"origin":628088,"position":5},"title":"Another hurdle in getting Hamrawein power plant up and running?","author":"enterpriseam admin","date":"26 April 2018","format":false,"excerpt":"The Electricity Ministry is reportedly looking to lower the costs of developing the 6.6 GW-capacity Hamrawein \u201cclean coal\u201d plant, and has informed the companies bidding on the project to lower their bidding price, ministry sources tell Al Mal. 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