Egypt's OCI says wins $100 million in power plant work

Reuters, Tuesday 13 Dec 2011

Country's largest listed firm says it will perform a third of the work for hydropower station in Upper Egypt

Egypt's Orascom Construction (OCI) said on Monday it won civil work worth US$100 million at an electricity plant under construction in southern Egypt.

The work was part of a $300 million civil works package awarded to OCI, France's Vinci and Egypt's Arab Contractors, OCI said in a emailed press release.

The 32 megawatt hydropower plant, alongside the Nile in Assiut, is scheduled for completion in 2017. The package was awarded by Egypt's Water Resources and Irrigation Ministry.

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