Consortium in talks for $1.5bn solar-powered desalination plant in Egypt
A consortium of Metito Holdings, Scatec and Orascom Construction are in talks with the Egyptian government about developing a $1.5bn renewables-powered desalination plant
A consortium of Metito Holdings, Scatec and Orascom Construction are in talks with the Egyptian government about developing a $1.5bn renewables-powered desalination plant.
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.
Energy & Utilities reported in August 2021 that the Egyptian government was seeking to secure $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 of the 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.
According to the Bloomberg report, Soliman said that several investors had expressed interest in the desalination programme.
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.
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