A US-based legal firm is revising the purchasing power agreement and technical and financial offer presented by Al Noweis for a potential coal-fired power plant, Al Borsa reported. The agreement between the Emirati investor and the Egyptian government is set to be finalised by mid-2016, a source at the Ministry of Electricity said. The project, presented during the Egypt Economic Development Conference, is set to have generation capacity of 2,640 MW with 1,320 MW available in the first phase. The project will be implemented as a Build Operation and Own (BOO) agreement with an estimated investment cost of USD4.5 billion. (Al Borsa)