Qalaa Holdings and Edison in negotiations to establish 180-MW power plant
According to an article in Al Borsa, Qalaa Holdings and Edison are currently in negotiations with the Ministry of Petroleum and the Ministry of Electricity to establish a 180-MW power plant at an investment cost of EUR100 million and is expected to be completed within two years. The article added that the project would be a 50:50 joint venture, with each of the companies contributing its share of the required capital, while Edison proposed supplying the power plant from its existing natural gas fields in Abu Qir area. (Al Borsa)
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