Japan's Marubeni might construct coal power plant in Egypt

03/03/2016 00:42 Coal


Japan's Marubeni Corp and Egypt's El Sewedy Electric have settled with Egypt's state-run power utility to conduct a feasibility study into the building of a coal-fired electricity plant in Egypt.

The move comes as part of the Japanese trading company's aim to increase its electricity infrastructure business globally and follows its statement on Tuesday to construct a 400 megawatt gas-based combined cycle power station in Bangladesh. Earlier this week, Japanese Prime Minister Shinzo Abe declared after meeting with Egyptian President Abdel Fattah al-Sisi in Tokyo that Japanese firms were likely to participate in Egyptian projects valued at approximately 2 trillion yen ($17.5 billion) in the power and other sectors. Under the memorandum of understanding inked on Wednesday, Marubeni and Egyptian electric equipment producer El Sewedy will lead a feasibility analysis into constructing an ultra-supercritical coal-fired power plant for the state-run Egyptian Electricity Holding Company in the West Mattrouh region, 450 km northwest of Cairo. According to the Nikkei business daily on Tuesday, Marubeni could aid construct a 4 gigawatt (GW) coal-fired power station, which might cost over 400 billion yen ($3.50 billion). To meet increasing electricity demand and diversify energy resources, Egypt has made known about plans to install around 12.5 GW of coal-fired power stations by 2022, as stated by Marubeni. Marubeni has obtained engineering, procurement and construction agreements for more than 100 GW of power plant projects worldwide, of which coal-fired power plants represent 40 GW.

Russia’s Gazprom says global LNG glut pressures global gas prices

14/02/2020 12:05:00

Excessive supplies of liquefied natural gas (LNG) as well as brimming storage have put pressure on natural gas prices in Europe and Asia, dimming forecasts for exports, Russian gas giant Gazprom said on Thursday.


DEME, Herrenknecht to make special drill for French offshore wind project

14/02/2020 12:01:00

Belgium-based DEME Offshore and German tunnel boring machines maker Herrenknecht AG have signed an agreement to manufacture a sub-sea drill that will be used at the site of the 480-MW Saint-Nazaire offshore wind project off the coast of France.


EDF 2020 nuclear output could hit 21-year low – update

14/02/2020 11:44:00

EDF has cut its 2020 nuclear output target to a lower floor of 375 TWh and an upper ceiling of 390 TWh, owing to several unforeseen factors.