33685
Egypt-China Power Plant Deal
Energy

Egypt-China Power Plant Deal

Egypt's Cabinet has approved two conditional contracts with Chinese firms to produce electricity from coal-fired plants with a total capacity of over 4,000 megawatts, Electricity Minister Mohamed Shaker said on Wednesday. China's Dongfang Electric Corporation plans to build a plant with a capacity of 1,980 MW while Shanghai Electric Group submitted an offer to construct four plants with a combined capacity of 2,400 MW, Shaker said at a news conference, Reuters reported. Egypt has been facing a power shortage that has hampered heavy industries in recent years. Shaker said in December that his country expects to add 2,500-3,000 megawatts of electricity generating capacity this year. Falling oil and gas production coupled with rising consumption have turned Egypt from an energy exporter into a net importer. Egypt began renting two floating liquefied natural gas storage and regasification units last year that allow it to import gas for fueling power plants, and a third is expected by the end of 2016 or early 2017.

 

Short URL : http://goo.gl/6qV9pD
  1. http://goo.gl/219kL3
  • http://goo.gl/YwNZuS
  • http://goo.gl/N01sFl
  • http://goo.gl/MeE1Ym
  • http://goo.gl/uT7CF3

You can also read ...

Tabriz Oil Refinery
Operations to swap crude oil consignments shipped from...
Domestic Firm to Build 1ts SP Phase 11 Platform
An unnamed Iranian company will build the first jacket...
An oil spill near Kuwait’s Ras al-Zour in Persian Gulf waters.
Major oil exporter Kuwait is dealing with another crude oil...
Kharg NGL Project Gathers Momentum
Iranian Offshore Oil Company will hand over the development of...
NIOC could trim exports by at least 1 million barrels next month.
The National Iranian Oil Company has informed buyers in Asia...
Iraq Rules Out Further Crude Cuts
Iraq does not see the need for more output cuts now, but if...
Total SA Steps Up Renewables Drive
Oil major Total moved forward with its plan to expand in the...
Brent, WTI Prices Steady
Oil markets held largely steady on Tuesday, even as OPEC...

Trending

Googleplus