- Proposed plant to be developed by UKs Tharwa Investments
- MoU is for worlds largest coal-fired plant on a single site
- 6,000MW facility will take about five years to build
Egypts Electricity Ministry has signed a memorandum of understanding (MoU) for the worlds largest coal-fired power plant on a single site.
The proposed plant will be developed by Tharwa Investments, part of UK-based Fourwinds Group, which signed the MoU with Egypts Electricity Ministry and the Egypt Electricity Company (EEC) at the Egypt Economic Development Conference in Sharm el-Sheikh on 15 March.
The estimated $10.6bn coal plant is proposed to have a generation capacity of 6,000MW. The project will be developed in two co-located phases, each of which will have a capacity of 3,000MW. The plant will take 4.5 to five years to be fully commissioned, according to Tharwa.
The project will be financed by Tharwa Investments, and its subsidiary FourWinds Group, through partnerships with regional and international financial institutions and export credit agencies (ECAs).
At the previous day of the conference, Saudi Arabias Acwa Power signed an MoU to develop 4,000MW of coal-fired power generation facilities.