Region: Middle East
Talks on for USD 1.5bn renewables-powered Egypt desalination plant
CAIRO, Egypt, 21 February 2022: A consortium of Metito Holdings, Scatec and Orascom Construction are in talks with the Egyptian government about developing a USD 1.5bn renewables-powered desalination plant, according to a report in Energy & Utilities.
The consortium is in discussions with Egypt’s sovereign wealth fund, the Egypt Fund, about the project, which is part of Egypt’s plans to meet the growing water requirements of its population, the report said.
Energy & Utilities reported in August 2021 that the Egyptian government was seeking to secure USD 2.5bn of private investment by 2025 to deliver 17 solar-powered seawater desalination plants to meet the growing demand for water and reduce reliance on water from the Nile river.
Ayman Soliman, Director General, Egypt Fund, said the European Bank for Reconstruction and Development and International Finance Corporation will provide technical advice and support of the bidding process for the projects, which are likely to be tendered under a public-private partnership (PPP) model, the report said.
The report quoted Soliman as saying that several investors had expressed interest in the desalination programme.
According to the report, the 17 proposed desalination plants would have the capacity to provide up to 2.8 million cubic metres a day cm/d) of potable water for the Egyptian population.