A Memorandum of Understanding (MoU) was signed by Ansaldo Energia and the Egyptian Electricity Holding Company, to cover the conversion from simple to combined cycle of the existing “6th of October” power plant on the industrial outskirts of Cairo.
Ansaldo Energia, 44.8 per cent owned by Fondo Strategico Italiano, represented by CEO Giuseppe Zampini, and the Egyptian group represented by Mustafa Gaber Dessouki, made the agreement, with top government representatives from both countries in attendance.
The scope of supply covers the design and turnkey construction of the gas-fired power plante conversion by Ansaldo Energia, with the addition of four heat recovery steam generators and a steam turbine set rated 340 MW with relative air condenser. The plant conversion will require twenty four months to complete from the signing of the contract.
In the framework of the project, SACE has already provided funding of EUR210m in relation to the previous order awarded to Ansaldo Energia and has expressed its full availability to examine the possibility of providing support for the next stage of work too.
The plant is owned by the Cairo Electricity Production Company, which is in turn owned by the government’s electric power agency, the Egyptian Electricity Holding Company.