Combined cycle in Egypt

Italian AC BOILERS S.p.A, formerly known as ANSALDO CALDAIE, has implemented the contract to convert the New 6 October power station to operate with the “Combined Cycle” system. And that’s following the signing of the MoU during the “Egyptian Economic Development and Support Conference” In March 2015.

The project is being executed as “EPC + Finance”; which means that the winning company will execute the project as well as provide the required financing, while the Egyptian holding company, as the owner of the project, will repay the financing Loan.

The Italian company provided a loan of approximately 240 million euros from HSBC Italy, with interest less than 3%, while Cairo Electricity Production Company managed the local component of the project with a loan of EGP 400 million, about 20 million euros, with interest at 1.8%, and repayment over 8 years after 3 years grace.

Aasem Abuzeid

Aasem Abuzeid

Aasem Abuzeid is the Director for MENA Region. He acts as a leading marketer in Arabic-speaking countries. He is also the COO and lead-developer of NBN.
0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Don’t Stop Here

Bids calling for The Radiation Education Equipment Kit

Sri Lanka Atomic Energy Board is inviting bids for following items of the Radiation Education Equipment Kit: Technical_Requirements_Printed_Circuit_Boards Technical_Requirements_Front_Panels Technical_Requirements_Enclosure_Molding Technical_Requirements_Geiger_Muller_Detector_Tubes Technical_Requirements_Electronic_Accessories   Contact: Address

Scroll to Top