Egypt: MoUs signed for gas power plant


Issue 291 - 18 Dec 2014 | 1 minute read

Italy’s Edison, part of EDF group, has signed two memoranda of understanding (MoUs) with investment holding company Qalaa Holdings – formerly Citadel Capital – and the Egyptian General Petroleum Corporation (EGPC) for the construction of a 180MW combined cycle gas turbine power plant in Abu Qir. The MoU with Qalaa covers the construction of the plant while the MoU with EGPC aims to secure part of the gas offtake from the Abu Qir concession in the offshore Nile Delta, which Edison has held since 2009.

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