(Yicai Global) Sept. 5 -- A group led by China’s Dongfang Electric and Shanghai Electric Group has secured a USD4.4 billion contract to supply advanced power generators to the world’s biggest clean coal-fired power plant in Egypt.
Dongfang Electric Chairman Zou Lei signed the deal on Sept. 2 at the China-Egypt Business Forum in the Egyptian Embassy in Beijing with Egypt’s minister for electricity and renewable energy, Mohamed Shaker El-Arkabi, looking on, China News Service reported.
The 6,600-megawatt Hamrawein project will use the world’s most efficient ultra-supercritical power-generation systems accompanied by emission-free environmental protection technologies, the report said. The plant’s main generators, a product of the collaboration between Chengdu-based Dongfang Electric and Shanghai Electric using their proprietary intellectual property rights, marks the pair’s first step toward popularizing their world-class patented technologies, it added.
The project will provide more than 5,000 local jobs and offer over 1,000 long-term positions after completion, according to Hu Weidong, general manager of Dongfang Electric International.
Dongfang Electric will be actively involved in China’s Belt and Road initiative in view of the close Chinese-Egyptian ties in politics and economy and trade, Zou said. Starting from the Hamrawein plant, the firm will actively engage in new power projects in Egypt, bringing its advantages in generation equipment development and experience in engineering, procurement and construction, or EPC, to bear.
Unveiled in 2013, the Belt and Road initiative is a 30- to 40-year plan to build a vast infrastructure and trade route embracing Asia, Europe and Africa.
Dongfang Electric will also expand its business in coal-fired power generation, oil-and-gas-fired power generation, pumped storage, and wind, solar and nuclear power, while forging in-depth cooperative ties with local Egyptian companies, Zou added.
The Chinese-led group underbid a consortium of Egypt’s Orascom Construction and Elsewedy Electric with US-based Mitsubishi Hitachi Power Systems, state newspaper Al Ahram said, according to an Energy Egypt report in June. The two Chinese firms will collaborate with local Hassan Allam Construction on the project, the report added.
Editor: Ben Armour