Abu Qir 180MW gas power plant

25/9/2016
Project development, Project finance

$ 200 million

Announced

25/9/2016


Overview:

  • Milan-based energy company Edison and Qalaa Holdings are jointly developing a combined cycle gas turbine power plant in Egypt.
  • The total project cost is expected to exceed $200 million.
  • The plant is expected to begin producing energy before the end of 2017.
  • It will be located adjacent to the Abu Qir gas field, which sits offshore to the north of Egypt's Mediterranean coast.
  • Edison, which is part of the EDF Group, has eight oil concessions in Egypt, with three currently in production.

Jon Moore - Journalist

Jurisdictions:

Egypt
Italy

Deal types:

Project development
Project finance

Practice areas:

Project finance
Project development

Governing law:

Egypt

Industry sector:

Energy


Firm:

Party: Edison (Project developer)