Close ad

Egypt signs $420mn deal with Orascom Construction to upgrade power plants

Ahram Online , Monday 11 Jan 2016

Electricity Minister Mohamed Shaker
File Photo: Egypt's Electricity Minister Mohamed ShakerCairo, Egypt, December 6, 2015.( Reuters)

Related
Orascom Construction reports Q3 net income of $24.5 mln
Orascom Construction unit wins $245 mln Texas housing project

Egypt's ministry of electricity signed a $420 million contract with Orascom Construction (OC) to convert Assuit and West Damietta power plants to a combined cycle, raising capacity by around 50 percent with no additional fuel intake, the company announced on Monday.

The Assuit and West Damietta power plants have been fully operational at a capacity of 1,500 megawatts since the third quarter of 2015.

Orascom Construction contributed to the consortium building both plants.

OC invests in infrastructure projects, including a 2,000-3,000 MW coal fired power plant in Egypt.

 

 

 

 

 

Short link:

 

Also In Economy

# Suez Canal to fully operate as major shipping lines resume transits: SCA chairman
# Egypt secures largest EBRD investment with €1.5 bln for 7th consecutive year
# Egypt launches Int'l Professional Diploma in Entrepreneurship
# Trump and associates' share of new cryptocurrency soars to more than $38 bln
# Egypt's BOP records $991.2 mln deficit in Q1 of FY24/25
# IMF revises Egypt real GDP growth down by 0.5%, 1% in FY24/25, FY25/26
# World Bank keeps Egypt real GDP growth projection at 3.5% in FY24/25, upgrading it to 4.2% in FY25/26
# SelectUSA Tech programme concludes in Egypt by 1st-ever tech startup competition
#