Italian firm Edison signs MoU for 180 MW power plant in Egypt.

Italian gas company Edison has signed two Memoranda of Understanding (MoUs) with Qalaa and Egyptian General Petroleum Corporation (EGPC) to build a combined cycle power plant in Abu Qir concession, located offshore in the Nile Delta in Egypt. The power plant will have an installed capacity of 180 MW.

The MoU with Qalaa, a leading investment company in Africa, will lead to the building of the new power plant (Combined Cycle Gas Turbine), while the one with the national oil company EGPC will ensure that a part of the new gas production in Abu Qir will be allocated to the company's power plant.

Egypt's energy challenges and opportunities were at the heart of a series of meetings between Edison and Egypt's Minister of Oil and Mineral Resources, Sherif Ismail, Egypt's Minister of Energy and Renewable Energy, Mohamed Shaker and Italy's Depute Minister for Economic Development, Claudio De Vincenti.

Through these agreements - which were signed on the sidelines of a workshop on energy efficiency organized by Embassy of Italy in Egypt and Edison, on the occasion of the Italian Presidency Semester of European Union Council - the company confirmed its intention to remain a long-term operator that brings economic and social development to the region.


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