Mar. 2. 2016
On March 2, 2016, Marubeni Corporation (“Marubeni”) and El Sewedy Electric Company S.A.E (“El Sewedy”) executed a Memorandum of Understanding (“MOU”) with Egyptian Electricity Holding Company (“EEHC”) in relation to a feasibility study of the construction of an ultra-supercritical coal-fired power plant in the Arab Republic of Egypt.
The Egyptian government has announced a policy to install approximately 12.5 GW worth of new coal-fired power plants by 2022 in order to diversify energy resources. Under this MOU, Marubeni and El Sewedy will conduct a feasibility study for constructing a high-efficiency ultra-supercritical coal-fired power plant in the West Mattrouh region.
Marubeni has a track record in engineering, procurement and construction (EPC) contracts of more than 100GW around the world, of which coal-fired power plant accounts for 40GMW. Marubeni is committed to contributing to the development of infrastructure in Egypt through its extensive experience and know-how.
<Description of EEHC>
Address : Abbassia, Nasr City, Cairo 15177, Egypt
Management : Eng. Gaber Desouki Moustafa (Chairman)
Establishment : 1976
Line of Business : Generation, transmission and distribution of electricity
<Description of El Sewedy>
Address : Plot 27, 1st District, 5th Settlement, New Cairo, Cairo 11835, Egypt
Management : Mr. Ahmed Elsewedy (Chief Executive Officer)
Establishment : 1938
Line of Business : Manufacture of electric equipment,
development and construction of power plants