abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb
Article

12 Nov 2014

Author:
Mada Masr

Egypt: Emirati company to build coal-based power plant - amid health concerns over increased use of coal

"Emirati company to build coal based power plant", 30 Sept 2014

An agreement was signed on Tuesday between the Egyptian Holding Electricity Company and Emirati Al-Nowais investment company to build Egypt’s latest coal-based power plant in Sinai...HSBC is the financial advisor for the project and White & Case is the legal advisor, while Italian Technimont is the technical liaison...

In April, the Cabinet approved the use of coal for energy generation in Egypt, which was met by an opposition campaign launched by environmental and human rights activists who argued that the long-term negative environmental and health effects of coal outweigh any advantages from the cheap but highly polluting fuel...