Egypt Looks Eastwards For Big Power: To China For Coal, To Russia For Nuclear

Egypt has lined up Chinese firms for two big coal-fired power plants, as it looks to expand capacity while reducing reliance on gas. Cairo also hopes to finalize a nuclear plants deal with Russia soon.

Egypt’s Ministry of Electricity has signed preliminary agreements with the Chinese government which may lead to $15bn of investment by Beijing in the Egyptian power sector. The deals were signed late last week during a major trade mission led by Chinese President Xi Jinping who visited Saudi Arabia, Iran and Egypt.

Central to the Egyptian deals are memorandums of understanding (MOUs) with two Chinese engineering firms for construction of coal-fired power plants with a combined capacity of 4.62GW at an expected total cost of $4.64bn. The plants will be built near the port of El Hamarawein, on Egypt’s Red Sea coast. (CONTINUED - 756 WORDS)


table Egypt Power Capacity Under Construction
chart Egypt’s Installed Power Capacity Versus Peak Load (Gw)
chart Egypt Preliminary Power Deals By Type (Gw)