Taqa Petroleum Company signed a contract to provide 1300cm/d of gas to the Egyptian Black Sand Company (EBSC)’s black sand separation plant located in Kafr Al-Sheikh.
EBSC’s Chairperson, Major General, Ashraf Soltan, told Daily News Egypt that his company contracted with TAQA to provide the gas required for running the separation plant and establishing an external pipeline.
The total cost of gas delivery to the plant is estimated to reach EGP 19m. The project will be implemented over 8 to 12 months.
Soltan pointed out that EBSC presented a request to the Ministry of Electricity to provide a power capacity of 9MW to operate the factory furnaces, dredges, and equipment. The price offer is set to be sent out in 10 days.
Additionally, the EBSC signed a usufruct agreement with the Kafr Al-Sheikh governorate for around 51,890 acres of land, designated for the establishment of a black sand separation plant for 20 years at a cost of $35m.