The Ministry of Electricity and Energy will begin receiving technical and financial bids for an electricity mega complex in the village of Dairut, Behaira, on 22 May, according to Ministry spokesperson Aktham Abulelaa. “The electricity complex will be funded by private sector investments of EGP 2.5bn via a BOO [Build Own Operate] system," he said. “Ten qualified companies participated in the previous bidding round held by the Egyptian Electric Holding Company (EEHC) two years ago." Abulelaa said that the Ministry had agreed with the qualified companies to receive offers until the end of September as a tentative date for studying both technical and financial offers. The contracts will be signed with the winning company to start building the complex next October. It will be completed in a number of phases over a period of five to seven years, but will begin to generate electricity before the overall completion date, with each individual phase activated as soon as it is completed. The megacomplex will be established on 70 acres of land with a combined cycle system of up to 2,250MW, consisting of six gas-powered and three steam-powered units. “The complex will contribute to reducing the gap between electricity supply and demand by 40%," said Abulelaa. “The investor will be given the land use rights for 25 years," said Minister of Electricity and Energy Ahmed Emam in an announcement, Tuesday morning. “There will not be any direct contact [between the user] and the end user consumer." Emam added that the agreement will be signed between the investor and the Egyptian Electricity Transmission Company, owned by the EEHC, which will purchase the produced energy from the bidder according to a specified price as part of the tender offer agreement.
