Orascom lands $420m power plant contract
DUBAI, January 11, 2016
Egypt's Orascom Construction has been awarded a $420-million contract to revamp two government-owned power stations, the company said on Monday.
Orascom was part of a consortium that completed the build of the Assiut and West Damietta plants in the third quarter of 2015.
The plants, which are operational and have a combined capacity of 1,500 megawatts (MW), will now be converted to combined cycle from a simple cycle.
A combined cycle re-uses waste products, increasing capacity by 50 per cent with no additional fuel intake.-Reuters