LE. 13 billion to build 7 new powers stations
Egypt, Economics, 2/25/2003
Egypt's Minister of Electricity and Energy Hassan Younis recently affirmed that the Ministry's strategy during the forthcoming period will depend on self-finance in building the new power-generating stations in addition to the grants and easy loans.
Seven 5,700-megawatt power stations are to be built as part of the current five-year plan (2002-2007). Plans are under way to raise its capacity to hit 10,000 megawatts up to the year 2010.
The new stations will help meet the increased demand for electricity to guarantee supplies for domestic and industrial users which will spiral annually by 7 per cent.
The Minister said that the power stations will cost an estimated L.E. 13 billion, to be provided by Misr Electricity Holding Company,, the Arab Development Fund and international investments.
The sector is working in two ways, the first to add new capacities to the power stations, transformers and networks and the second to raise the services standard and improve it for about 18.5 billion subscribers repulicwide.
Mohammed Awad, Chairman of the Egyptian Electricity Holding Company clarified that the new power stations include East Port Said and North Suez Gulf stations. They will start operation next year with a capacity of 700,000 kilowatt for each to provide energy to the most important economic areas to be erected. This in addition to establishing two new stations in North and West Cairo with a capacity of 750,000 kilowatt each.
Meanwhile, two new units were added to the giant "AlKoraimat" power station with a capacity of 750,000 kilowatt, Awad said, pointing to the fact that the establishment of the giant "Al-Nubareya" station with a capacity of 1500 megawatt will save the necessary power to confront the demand for electricity in West Delta, North West coast countries and land reclamation projects as well as urban and industrial projects besides exporting the surplus.
He added that the 7th station will be built in "Talkha" to consolidate energy sources of East Delta, the Suez Canal and Sinai. Studies for its implementation are complete. It is expected to start operation before 2007.
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