Egypt: Orascom Construction granted land for coal plant on Red Sea coast regardless of pollution concerns
Author: Mada Masr, Published on: 20 November 2014
"Orascom Construction granted land for coal plant on Red Sea coast", 13 Nov 2014
Egypt has granted a consortium led by Orascom Construction Industries exclusive rights to an industrial site near the Red Sea port Hamrawein for 18 months. The deal, signed Wednesday, gives the firms the right to conduct and finalize studies for developing a coal-fired power plant.
Last week, Orascom, in partnership with Abu Dhabi state-owned firm International Petroleum Investment Company, announced plans to develop a coal-powered plant capable of generating 2,000 to 3,000 megawatts of power...
Despite Egypt’s persistent energy shortage, allowing coal power has been highly controversial. Plans to overturn Egypt’s ban on coal imports generated months of debate, with civil society organizations, environmentalists and members of the tourism industry opposing the plan on environmental and public health grounds, while industry representatives cited the need for a cheap and reliable source of energy...
Related companies: Orascom