The Dairut Combined Cycle Power Plant is 2,250MW gas fired power project. It is planned in Luxor, Egypt. The project is currently in permitting stage. It will be developed in multiple phases. The project construction is likely to commence in 2021 and is expected to enter into commercial operation in July 2024.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Thermal | 2,250 | – | 2,250 | Permitting | Luxor, Egypt | Hassan Allam Holding; International Company for Water and Power Projects |
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Description
The project is being developed by Hassan Allam Holding and International Company for Water and Power Projects. International Company for Water and Power Projects, The Saudi Public Investment Fund, GE Power and Hassan Allam Holding are currently owning the project having ownership stake of 40%, 25%, 10% and 10% respectively.
It is a combined cycle gas turbine (ccgt) power plant. The power plant can run on dual-fuel. The primary fuel being used to power the plant will be natural gas. In case of shortage of natural gas the plant will run on Diesel.
The project cost is expected to be around $2,300m.
Development Status
The project construction is expected to commence from 2021. Subsequent to that it will enter into commercial operation by July 2024.
Power Purchase Agreement
The power generated from the project will be sold to Egyptian Electricity Transmission under a power purchase agreement for a period of 25 years.
Contractors Involved
GE Power and SEPCOIII Electric Power Construction are expected to render EPC services for the gas fired power project.
Dairut Combined Cycle Power Plant (Dairut Combined Cycle Power Plant Unit I) will be equipped with Siemens H Class gas turbine. The phase consists of 1 gas turbine with 750MW nameplate capacity.
Dairut Combined Cycle Power Plant (Dairut Combined Cycle Power Plant Unit II) will be equipped with GE Power H Class gas turbine. The phase consists of 1 gas turbine with 750MW nameplate capacity.
Dairut Combined Cycle Power Plant (Dairut Combined Cycle Power Plant Unit III) will be equipped with GE Power H Class gas turbine. The phase consists of 1 gas turbine with 750MW nameplate capacity.
The First National Operation & Maintenance is expected to perform operations and maintenance for thermal power project for a period of 25 years.
About Hassan Allam Holding
Hassan Allam Holding (HA Holding) is a provider of engineering, procurement and construction (EPC) services. The company’s service offerings include large engineering and construction projects, building materials, electrical and mechanical turn-key solutions, building projects and utility investment and development, soil improvements and foundations, residential and commercial property development, real estate investments, and project management services. Hassan Allam caters to industrial and commercial buildings, power and energy, ports and airport infrastructure, building technologies, roads and bridges, manufacturing and production plants, water and wastewater treatment, petrochemical and fertilizer sectors. The company has its operations in Egypt, Libya, Algeria, Qatar, and Saudi Arabia. HA Holding is headquartered in Cairo, Egypt.
About International Company for Water and Power Projects
International Company for Water and Power Projects (ACWA Power) is a developer, investor, and operator of power generation, renewable energy and desalinated water production plants. It supplies electricity and potable water to its customers in the region. It generates power through coal, thermal, oil, gas, solar and wind technologies. ACWA Power also offers operation and maintenance services to power and water desalination industry through its subsidiary, the First National Operations & Maintenance Company. The company has operations across the Middle East, Africa and Asia. ACWA Power is headquartered in Riyadh, Saudi Arabia.
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
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