Olympic flame to stay a month in Fukushima; next stop unsure    Japan expands entry ban to more countries, will ask all visitors to quarantine    NBE shuts down main branch in New Cairo for two weeks over coronavirus-infected employee: Statement    Spain reports record 864 virus deaths in 1 day    Moscow unveils coronavirus tracking app as national lockdown widens    Broadcaster predicts La Liga restart in July with no fans    Ex-Marseille chief Pape Diouf dies after contracting coronavirus    Chinese developers raise funds at home to repay pricier offshore debt    Egypt's Supreme Council of Culture launches three new competitions    Messi praises Egyptian footballer Mohamed Salah's style    Apple doubles China donations for coronavirus recovery efforts    Egypt's private airlines call for aviation minister to intervene amid COVID-19 crisis    Sisi praises Egypt's efforts to combat coronavirus    Egypt to quarantine all nationals returning from abroad – ministry    Egypt's CBE imposes cash withdrawal limits after $190.6mn withdrawn unnecessarily    Freed from detention    Virtual parliament    At the roots of the GERD    Further falls in oil prices    Stay at Home: Culture in Your Hands    Captain Khan    Sculptor Ahmed Osman… Founder of Alexandria Faculty of Fine Arts    Huawei to explore the ultimate potential on its Huawei P40 series    Egypt's stock exchange gains EGP 6 billion    EU launches new naval mission to police Libya arms embargo    Egypt's payment balance ran a $410.9 mln total surplus in 1H FY2019/2020    Europe's trade system with Iran finally makes first deal    Facebook users add ‘Stay At Home' frame to profile photos    Egypt's defender Elmohamady proud of 10-year milestone in England    Egypt, MENA growth forecast at 2.7%, -0.3% respectively: IIF    Prosecution warns of EGP 300k fine or 2-year jail for spreading fake coronavirus news    Al-Sisi discusses joint coronavirus efforts with Abu Dhabi Crown Prince    Saudi Arabia intercepts missiles over Riyadh    CBE temporarily regulates cash deposits, withdrawals    Lagging COVID-19 response to shield frail economy: Rouhani    California's houisng market unclear after new restrictions amid coronavirus    Farwell to Egyptian comedian George Sidhom    Weekend's virtual concerts, plays, and festivals people can stream at home    Amid coronavirus outbreak, Egyptian Premier League cancellation seems inevitable    Brazilian football stadiums transformed into hospitals to treat coronavirus patients    Stay At Home: Ministry of Culture to publish free books online for public browsing    IOC postpones Tokyo Olympics due to coronavirus pandemic    What to watch to kill time in quarantine?    Ethiopia has not sent Egypt latest designs for GERD: Minister of Irrigation    Nigerien President hails Egypt's diplomatic attempts to reach agreement over GERD    Al-Sisi appreciates Kenya's support to Egypt's stance on GERD    Cairo court acquits Mubarak's sons of stock market manipulation    Egypt's President Sisi pardons some prisoners on 25 Jan. Revolution anniversary    







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





ACWA Power compares 3 bids to supply production units for Luxor power station
Siemens, General Electric, and Mitsubishi are competing on supplying the units, says sources
Published in Daily News Egypt on 19 - 08 - 2019

ACWA Power is comparing three bids from Siemens, General Electric, and Mitsubishi Electric to supply production units for its 2.25GW Luxor power plant.
Informed sources told Daily News Egypt that the company is still studying the bids to choose the best equipment and units that produce electricity with the highest efficiency and technology in accordance with the agreed standards with the Ministry of Electricity.
The sources pointed out that ACWA Power seeks to settle on the best technical offer before the completion of the financial closure of the project, which is targeted to be completed during the second quarter of next year.
They added that the company has agreed with a number of international banking institutions to finance the project and seeks to complete the implementation of the plant and start commercial operation by the end of 2022. Three international institutions have agreed to finance the power station, including the Silk Road Fund, the Saudi Arabian Public Investment Fund, sponsored by Saudi Crown Prince Mohammed bin Salman.
The Ministry of Petroleum has agreed with Saudi Arabia's ACWA Power to finance the construction of a natural gas pipeline to feed the plant in Luxor, at a total cost of about EGP 1.6bn.
Former Prime Minister Sherif Ismail issued a decision in 2016 to move the site of the power station from Beheira to Luxor, according to the development plan of Upper Egypt, so as not to concentrate power stations in the Delta.
The project consists of three installed units with a capacity of 650MW each. This shall be the first station to be built on the BOO scheme. The Egyptian Electricity Transmission Company pledged to buy the energy it produces.


Clic here to read the story from its source.