Egypt’s Ministry of Electricity and Renewable Energy received an offer from China Railway Company. The Chinese firm wants to establish an energy plant, which will operate through a combined-cycle system with a capacity of 2,000 MW, with an estimated cost of $2.2 billion.
The company is looking to place the newest technology in the plant through the global investment system EPC+Finance. The system consists of the EPC for the plant, in addition to securing necessary investments from international financing institutions or from the Export-Import Bank of China. These investments will be repaid on long terms and large facilitations.
China Railway is willing to pump investments worth $4 billion in the Egyptian market over the next year. The company is looking to participate in the new administrative capital project, the project of establishing a monorail train between 6th of October City, Sheikh Zayed City, and Giza governorate, in addition to a traditional power generating plant.