Article length: 631 words
Competition heats up for Egyptian gas plant privatisations
The Egyptian government is considering a number of options for the sale of three gas-fired power plants built by Siemens between 2015 and 2018 which together added 14.4GW to the grid. A sale may be negotiated bilaterally or via a more time-consuming competitive auction; options include the eventual floating of a minority stake on the Egyptian Stock Exchange. The newly formed Tharaa sovereign wealth fund is already playing a decision-making role and is likely to retain the state’s long-term interest in the plants.
Credit value: 8