Japanese company, Toyoto Tsusho (part of the Toyota motor group) has met the Egyptian Electricity company to discuss the construction of a new 1.3 GW power station.
The combined cycle plant, worth an estimated $1.5bn, will consist of two 650MW units.
Further talks between Japanese companies and the Electricity Ministry are expected over the coming months, in conjunction with the revival of a previous memorandum of understanding.
This is expected to see the development of a new thermal energy plant with Itochu Corporation, a further 1GW of generation capacity with Sumimoto Corporation and an additional Thermal Plant with Marubeni Corporation and El Sewedy.
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