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Publish Date : 19-Jan-2017

The Egyptian Electricity Holding Company (EEHC) accomplished the signing of an agreement to make provisions for a turbine, condensers, and generators for the Assiut power generating plant.

EEHC has sealed the supply deal worth $61.68m with Doosan Group to deliver the aforesaid products to the power plant for $61.68m.

According to an EEHC source, the companys tender was joined by many entities, but Doosan Group had been able to clinch the deal.
Mitsubishi Hitachi Alliance, Toyota Tsusho, Siemens-Shanghai Electric Alliance, and Doosan Group among other companies had presented their bids for the tender.

The EEHC Chairperson Gaber Desouki has disclosed that the contract covers a 39-month period from the date of its approval, and added that the project is slated to be started by 2019-end.

The power project comprises a 650MW steam turbine, condensers, as well as generators, and other related facilities, according to Desouki.

He has explained that the power plant will operate via a steam boiler of supercritical pressures fired by natural gas and fuel oil.

The produced energy will be connected to the Assiut-based main station with 500 KV of voltage, added Desouki.

Under the 2012-2017 five-year plan, the project is being developed, according to the EEHC Chairperson.

He has highlighted that the five-year plan which is intended to support the national electricity grid so that it can fulfill the fast-increasing demand for electrical energy and attain development in diverse areas.

Ibrahim El-Shahat, the CEO of the Upper Egypt Electricity Production Company (UEEPC), has revealed that the overall cost of the energy generation station stands at EGP 5bn, and added that the project will be funded with UEEPCs own resources as well as loans from international financing agencies.

The Arab Fund for Economic and Social Development, the Kuwait Fund for Arab Economic Development, the Islamic Development Bank, and the OPEC Fund for International Development (OFID) among others have contributed in the project.

The UEEPC will shoulder around 23% of the overall cost of the project or $170m.

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