Egypt Signs Power Related Deals

Thursday, April 16, 2015

Egypt will see investment in new power projects as preliminary deals have been signed with Alghanim International out of Kuwait. The projects are worth upwards of $1.5 billion according to a government statement.

Under one of the agreements, Egypt will see four gas-powered plants converted to operate on combined cycle, while the second agreement calls for the establishment of gas-powered plants with a total capacity of 900 MW.

There was no timeframe offered for completion.

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