Japan's Marubeni might construct coal power plant in Egypt

03/03/2016 00:42 Coal

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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.

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