$2.2bn to es­tab­lish wa­ter pump­ing and stor­age fa­cil­ity for elec­tric­ity pro­duc­tion in Ataqa

The Daily News Egypt - - Business -

The Min­istry of Elec­tric­ity is pre­par­ing to con­clude a con­tract with the Chi­nese com­pany Si­no­hy­dro to es­tab­lish a wa­ter pump­ing and stor­age fa­cil­ity to gen­er­ate 2,100MW of elec­tric­ity at a cost of $2.2bn.

Mo­hamed Osama, head of the Hy­dro Power Plants Ex­ec­u­tive Author­ity (HPPEA), said that the pro­ject is one of the most im­por­tant projects in the elec­tric­ity sec­tor.

An al­liance be­tween Artelia and ÅF won the ten­der to con­sult on the Ataqa wa­ter stor­age and pump­ing pro­ject.

Osama added that the al­liance con­sul­tant will eval­u­ate the tech­ni­cal and fi­nan­cial fea­si­bil­ity stud­ies of the pro­ject and will co­op­er­ate with the min­istry in its ne­go­ti­a­tions with the Chi­nese com­pany Si­no­hy­dro over the im­ple­men­ta­tion pe­riod of the pro­ject. It will also ne­go­ti­ate


over the kilo­watt price, the loan, the grace pe­riod, the an­nual in­stall­ment, and the in­ter­est rate on the pro­ject.

This pro­ject will con­trib­ute to strengthen the uni­fied elec­tric grid. It will be used to store the elec­tric­ity gained from re­new­able sources. The pro­ject will rely on a triple-treatment pro­ce­dure for the wa­ter pro­duced from the sewage plant in Suez.

Osama said that the cabi­net ap­proved the pro­ject and has al­lo­cated the re­quired land for build­ing it, as well as li­cens­ing the ac­tiv­ity. The author­ity also re­ceived the se­cu­rity and en­vi­ron­men­tal ap­provals.

The govern­ment signed a mem­o­ran­dum of un­der­stand­ing with Si­no­hy­dro dur­ing the Egypt Eco­nomic Devel­op­ment Con­fer­ence held in March 2014 in Sharm El-Sheikh to build a power plant in Ataqa with a ca­pac­ity of 2,100MW.

Osama added that the wa­ter pump­ing and stor­age tech­nol­ogy is the best method for stor­ing elec­tric­ity in the world.The new tech­nol­ogy will de­crease the costs of op­er­at­ing net­works and pro­vide more se­cu­rity and sta­bil­ity to the elec­tric­ity grid.

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