Suez power station renovation investment cost L.E. 1.3 billion

Between now and 2007, new investments of L.E. 1.3 billion will be used to develop the power grid in Suez Governorate, while a further L.E. 4.4 billion has been set aside to implement projects that were started in 1981, in order to cater for the increasing demands for electricity in the Governorate.

While inaugurating a number of new power projects in Suez, Minister of Electricity Hassan Younis stated that the area has developed considerably in recent years, with projects including the Suez transfer station.

The projects, opened by the Minister, included a power station for boosting the power supply to the Gulf of Suez.

The power stations, with a capacity of 50 mega volts, will cost L.E. 31 million to build.

Younis said that these projects will supply electricity to the industrial zones in Northwest Suez Gulf area, in order to boost economic activities there.