Egypt After 2025: Navigating a Critical Inflection Point    Spot Gold, futures slips on Thursday, July 17th    Egypt's EHA, Huawei discuss enhanced digital health    Egypt expresses condolences to Iraq over fire tragedy    Egypt, Oman discuss environmental cooperation    Egypt's Environment Minister attends AMCEN conference in Nairobi    At London 'Egypt Day', Finance Minister outlines pro-investment policies    Sukari Gold Mine showcases successful public–private partnership: Minister of Petroleum    Egypt's FRA chief vows to reform business environment to boost investor confidence    Egyptian, Belarusian officials discuss drug registration, market access    Syria says it will defend its territory after Israeli strikes in Suwayda    Pakistan names Qatari royal as brand ambassador after 'Killer Mountain' climb    Health Ministry denies claims of meningitis-related deaths among siblings    Sri Lanka's expat remittances up in June '25    EU–US trade talks enter 'decisive phase', German politician says    Egypt's Health Min. discusses drug localisation with Sandoz    Needle-spiking attacks in France prompt government warning, public fear    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt, France FMs review Gaza ceasefire efforts, reconstruction    CIB finances Giza Pyramids Sound and Light Show redevelopment with EGP 963m loan    Greco-Roman tombs with hieroglyphic inscriptions discovered in Aswan    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



GE agrees with Harbin to establish coal-fired power station for $8bn
Ministry of Electricity and Energy awaits cabinet's approval to conclude signing of agreement to carry out first phase of project within two months
Mohamed Farag Published in Daily News Egypt on 25 - 06 - 2016

General Electric (GE) has agreed to establish an electricity station with China's Harbin. The power plant will run at a capacity of 6,510 MW using clean coal, and receive $8bn of investment.
A source at the Ministry of Electricity and Energy stated that six units will be launched, each of which will run at a capacity of 1,058 MW. The location of the project has not been determined yet.
The source told Daily News Egypt that the ministry is awaiting the approval from the cabinet in order to start the implementation of the station. The agreement is expected to be signed within two months of the completion of the first phase.
Jeffrey Immelt, chairperson of GE, and Ayman Khattab, chairperson of the company in Egypt, met with President Abdel Fattah Al-Sisi and Minister of Electricity and Energy Mohamed Shaker a few days ago, in order to discuss increasing investments and cooperating with the government in the energy sector.
An official in Harbin told Daily News Egypt that his company has made an agreement with GE in order to establish an electricity station that operates using clean coal. The company will obtain the necessary funding for the project, whereas GE will provide the equipment and components needed for the station.
The source added that his company has also agreed with three Chinese banks to fund the project. The funders include the Industrial and Commercial Bank of China (ICBC) and the Export-Import Bank of China.
The station comes as part of the proposed projects to cooperate in the field of traditional energy through the application of modern technologies that save fuel and preserve the environment. Other projects involve supporting the electricity transmission grid.
Khattab stated that his company has plans to expand its investments in the Egyptian market in the energy sector, stressing that the company is currently negotiating a number of electricity production projects. However, no further information about the projects will be revealed before all agreements are finalised.
He explained that the company's priorities are in line with those of the government's, as GE seeks to make Egypt a centre for trade.
Khattab added that GE manages the maintenance and development of a number of electricity production units in Ataka, El-Nubariya, and Benha.

Clic here to read the story from its source.