VOL. XL

No. 43

27-October-1997

EGYPT

Sidi Kerir Gets World Bank Support But Is A Guarantee Needed?

On 15 October, nine companies or consortia from France, Belgium, the US and Japan,submitted bids for the Sidi Kerir power project, a BOT (build-operate-transfer) schemesituated 30 kms. west of Alexandria. The project, estimated to cost around $750mn,envisions the construction of a 2x325MW steam turbine unit plant and operation of thestation for 20-25 years. It is one of three independent projects...