Ayoun Moussa 3,960MW clean coal plant

30/1/2017
Project development, Project finance

$ 4 billion

Announced

30/1/2017


Overview:

  • The Ayoun Moussa Clean Coal Power Plant is a planned project located on the Sinai Peninsula in the Suez region of Egypt. It is the first coal-fired plant in Egypt.
  • It is being developed by Emirati investment company AlNowais Invesments.
  • The total planned capacity of the plant is 3,960MW. The initial phase involves the construction of two 660MW coal-fired power units and associated ash handling facilities, with two additional phases of the same size to be added at a later date.
  • It will use ultra super-critical low NOx pulverised-coal burners to cut down on emissions.
  • HSBC serves as the financial adviser for the project, with Italian firm Technimont acting as a technical consultant.
  • As the first coal-fired plant in the country it will require the import of coal to operate, which will be sourced from international markets such as South Africa, Indonesia and others.
  • The project is financed by a consortium led by AlNowais that includes international investors from Japan and Korea.

Jon Moore - Journalist

Jurisdiction:

Egypt

Deal types:

Project development
Project finance

Practice areas:

Project finance
Project development

Governing law:

Egypt

Industry sector:

Energy


Firms:

Party: AlNowais Investments (Project developer)

Lawyer: Mohamed Ghannam


Party: AlNowais Investments (Project developer)