Egypt Adds Power Ship To Short-Term Plan, Lines Up Loans For EEHC

Cairo-based Taqa Arabia says it is awaiting final approval from Egypt’s Ministry of Electricity and Renewable Energy for a plan to supply a 200MW power ship under a $180mn deal. The ship will be moored at an Egyptian port and connected up to the country’s transmission grid via a substation.

In a statement to Daily News Egypt, Taqa Arabia chairman Khalid Abu Bakr says the firm is negotiating with an Asian company for purchase of a power ship and is also looking for a suitable Egyptian port for the vessel. Separately, Taqa Arabia has proposed a plan to burn imported butane as a substitute for natural gas (see p10). (CONTINUED - 573 WORDS)

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table Recent Egyptian Conventional Power Deals