Chinese state-owned Sinohydro will collaborate with the Egyptian authorities to construct a 2,400 MW pumped-storage hydropower plant, energy from which will be put into long-term storage. The project is launched in cooperation with Chinese state-owned hydropower engineering company Sinohydro through a 100 percent concessional financing agreement. The project is expected to cost around US$3 billion, and it would provide Egypt with an additional 600 megawatts of electricity by 2030, according to the report. When complete, the plant will be the first of its kind in the Middle East. Egyptian Electricity Minister Mohamed Shaker said the hydropower plant was among several measures aimed at optimising the country's electricity supply, including renewing old power stations and building 6,000 MW-worth of clean coal plants.
Chinese state-owned Sinohydro will collaborate with the Egyptian authorities to construct a 2,400 MW pumped-storage hydropower plant, energy from which will be put into long-term storage. The project is expected to cost around US$3 billion, and it would provide Egypt with an additional 600 megawatts of electricity by 2030, according to the report. When complete, the plant will be the first of its kind in the Middle East. Egyptian Electricity Minister Mohamed Shaker said the hydropower plant was among several measures aimed at optimising the country's electricity supply, including renewing old power stations and building 6,000 MW-worth of clean coal plants.