{"id":635641,"date":"2017-12-10T03:56:22","date_gmt":"2017-12-10T03:56:22","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/10\/electricity-ministry-allocates-land-for-al-nowais-usd-4-bn-coal-plant\/"},"modified":"2017-12-10T03:56:22","modified_gmt":"2017-12-10T03:56:22","slug":"electricity-ministry-allocates-land-for-al-nowais-usd-4-bn-coal-plant","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/10\/electricity-ministry-allocates-land-for-al-nowais-usd-4-bn-coal-plant\/","title":{"rendered":"Electricity Ministry allocates land for Al Nowais\u2019 USD 4 bn coal plant"},"content":{"rendered":"

The UAE\u2019s Al Nowais has officially been allocated land for its USD 4 bn, 2,650 MW coal power station in Oyoun Mousa, Electricity Minister Mohamed Shaker tells Al Borsa<\/a>. Al Nowais will receive the land on a right-to-use basis and sell electricity to the state at a price that is currently under negotiation, Shaker says. Al Nowais had agreed to lower<\/a> its asking price after talks over the project reportedly reached an impasse<\/a> in October. The company\u2019s proposed tariff ranges from USD 0.058- 0.067 per kWh, officials tell the newspaper.<\/p>\n","protected":false},"excerpt":{"rendered":"

The UAE\u2019s Al Nowais has officially been allocated land for its USD 4 bn, 2,650 MW coal power station in Oyoun Mousa, Electricity Minister Mohamed Shaker tells Al Borsa. Al Nowais will receive the land on a right-to-use basis and sell electricity to the state at a price that is currently under negotiation, Shaker says. 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Al Nowais will receive the land on a right-to-use basis and sell electricity to the state at a price that is currently under negotiation, Shaker says. 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The development comes following news that the ministry and Al Nowais were at an impasse over what the ministry then\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":600319,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/27\/egypt-to-sign-ppa-for-al-nowais-coal-plant-within-one-month\/","url_meta":{"origin":635641,"position":1},"title":"Egypt to sign PPA for Al Nowais coal plant within one month","author":"enterpriseam admin","date":"27 January 2019","format":false,"excerpt":"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\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":605146,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/23\/egypt-signs-agreement-to-build-al-nowais-coal-fired-power-plant-in-q12019\/","url_meta":{"origin":635641,"position":2},"title":"Egypt signs agreement to build Al Nowais coal-fired power plant in Q12019","author":"enterpriseam admin","date":"23 December 2018","format":false,"excerpt":"The Egyptian Electricity Holding Company (EEHC) has signed with UAE\u2019s Al Nowais a final agreement to build the USD 4 bn coal-fired power plant in Oyoun Moussa in South Sinai, with construction scheduled to begin in 1Q2019. The project was first announced back in 2015, and experienced several stalls before\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":592794,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/06\/egypt-could-postpone-usd-6-bn-worth-of-coal-power-projects\/","url_meta":{"origin":635641,"position":3},"title":"Egypt could postpone USD 6 bn-worth of coal power projects","author":"enterpriseam admin","date":"6 November 2019","format":false,"excerpt":"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\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":593568,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/02\/egypt-withdraws-usd-4-bn-contract-with-al-nowais-for-2-65-gw-coal-plant\/","url_meta":{"origin":635641,"position":4},"title":"Egypt withdraws USD 4 bn contract with Al Nowais for 2.65 GW coal plant","author":"enterpriseam admin","date":"2 October 2019","format":false,"excerpt":"INVESTMENT WATCH- Looks like the Al Nowais \u201cclean coal\u201d project may not happen after all: The Electricity Ministry has withdrawn a contract with the UAE\u2019s Al Nowais to build a USD 4 bn, 2.65 GW \u201cclean coal\u201d power station in Oyoun Mousa, government sources told the local press. The sources\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":630248,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/16\/eehc-to-reach-final-agreement-on-al-nowais-oyoun-mousa-coal-plant-by-june\/","url_meta":{"origin":635641,"position":5},"title":"EEHC to reach final agreement on Al Nowais\u2019 Oyoun Mousa coal plant by June","author":"enterpriseam admin","date":"16 April 2018","format":false,"excerpt":"The Egyptian Electricity Holding Company (EEHC) is expected to reach a final agreement with the UAE\u2019s Al Nowais for its USD 4 bn \u201cclean coal\u201d power station in Oyoun Mousa by June, an EEHC source said, Al Mal reports. 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