China Railway Company Seeks To Power Egypt

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.

Spread the love