Kuala Lumpur-based Edra owns three gas-fired thermal power plants in Egypt, including this 682.5 MW gas-fired conventional thermal power plant located on the coast of the Mediterranean Sea, 45 km southeast of Port Said.
CAIRO (Bloomberg) -- Egypt is considering offers from a Blackstone Group unit and Edra Power Holdings Sdn Bhd to take over three power plants co-built by Siemens AG -- a move that could cut the North African nation’s debts while bringing in much-needed foreign investment.
Both Blackstone’s Zarou Ltd and Edra have voiced interest in the state-owned facilities, according to Egypt’s electricity minister, Mohamed Shaker. The plants, which have a total capacity of 14.4 gigawatts, were inaugurated in July as the latest in a series of large-scale infrastructure projects under President Abdel-Fattah El-Sisi.
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