Homegrown company Hyflux is now set to carry out a desalination project in Egypt’s power plant in the next few months after the company successfully clinched the deal worth US$500.
The desalination plant is designed to produce 150,000 cubic metres of water per day, and will feature an on-site 457-megawatt combined cycle gas turbine power plant to generate power and supply electricity to both the plant and the Egypt power grid.
The environmental solutions firm said the desalination plant, commissioned by the by the General Authority for the Suez Canal Economic Zone, is designed to produce 150,000 cubic metres of water per day. It will feature an on-site 457-megawatt combined cycle gas turbine power plant to generate power and supply electricity to the plant.
The project is expected to be carried out in the next few months and the excess power will also be dispatched to the grid and go towards supplying the Egyptian governorates’ needs, it added.
Construction of the plant is slated to commence after the finalisation of the contract, which is worth US$500 million. An additional 25-year operation and maintenance contract for the plant will also be awarded to Hyflux, it said.
Executive Chairman and Group CEO of Hyflux Olivia Lum said the entry into the Egyptian market presents “exciting opportunities” for the company.
“This project is significant to us because it is our first integrated water and power project abroad and demonstrates our ability to put together an innovative solution that is recognised internationally,” she said.
The project is expected to have a “material financial impact” on Hyflux for the current financial year, subject to the signing of the relevant contracts, according to the news release.
With Egypt now moving into the second phase of the Suez Canal’s development, the economic zones around the canal have the potential to “transform Egypt’s economy and put Egypt on the global map”, said DPM Teo.
