22 March 2013 – Egypt’s ministry of electricity hopes to attract private sector investors to undertake three power generation projects totalling 5,500 MW. This initiative is to be floated in April 2013.
The projects will be offered under the build own and transfer (BOT) system. They will require an investment of some US$7.4 billion and are an attempt to end the problem of power shortages in the country. The three projects will be a 2,250 MW facility to be established in Dairut, a 1,300 MW power station to be established at Qena and a 1,950 MW power station to be established at Beni Suef.
This initiative forms part of a Cabinet decision to amend the country’s electricity sector plan. The Egyptian Cabinet has amended its 7th five-year plan (2012 − 2017) to add such development projects and update the current electricity generating plants. The plan also includes establishing the 30 MW Assiut hydroelectric facility.