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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)
Views: 2404
Views: 2404

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.






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