Red Sea coal-fired power plant announced

Orascom Construction is to build a $2.5bn coal-fired power station on the Red Sea in Egypt.

The subsidiary of Dutch-based OCI N.V., will the plant in partnership with Emirati-based International Petroleum Investment Company (IPIC), the company announced on Wednesday.
Egypt flag
The Egyptian government will welcome the additional capacity as it continues to suffer from an energy shortage leading to frequent blackouts especially during the Summer, with the government struggling to supply natural gas needed for power generation.

Reuters reports that the government ” which cut fuel subsidies in July, including those targeting heavy industries ” allowed businesses to start importing coal as a substitute for gas needed to produce electricity.

The plant will cost $2.5 to $3 billion, and will have a capacity of 2,000 to 3,000 MW. It is “pending technical studies and governmental and corporate approvals,” the company said in a statement, adding that Orascom will alsoà‚ utilizeà‚ “advanced clean-coal technology that complies with EU standards for emission control.

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