The Egyptian Electricity Holding Company (EEHC) will reportedly sign contracts next month with China’s Sinohydro for the development of a USD2.6bn, 2.4GW pumped-storage hydroelectricity power station in Ataqa, Hydro Power Plants Executive Authority boss Mohamed Osama said. The government had signed an MoU with Sinohydro for the project at the Egypt Economic Development Conference (EEDC) in 2015. The EEHC is also studying the establishment of two pumped-storage hydroelectricity power plants in Luxor worth a combined USD5bn, sources said Monday.
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