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English news

07-Dec-2016

Government postpones all  power generation  projects under the 2017-22 plan

The government has decided to delay all the power generation projects included in the 2017-22 plan to the government’s 2022-27 plan, given the increased financial burden on the government post floatation of the EGP, along with current excess supply of energy due to the recent/upcoming capacity additions, according to government sources speaking to Al Mal. The list of postponed project includes: power stations in Dayrout, Damanhour, Hamraween, Attaqa and Mahmoudeya conversion to combined cycle,  and Qena, for a total investment cost of c.USD15 bn. (Al Borsa)

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