Orascom Construction Limited said in a press release on Monday that its subsidiary Orascom Construction (100% owned by Orascom Construction Limited) has signed a contract to build a steam turbine power plant with a capacity of 650 MW in Walideya, Assiut for a total value of approximately $100m.
Orascom’s scope encompasses the full civil work of the power plant. In addition, the project’s proximity to Orascom’s existing power project in Assiut will facilitate efficient mobilization to site.
According to the press release, this new contract emphasizes the group’s position as a leading player in the power construction sector. Orascom is currently building power plants with a total capacity of 11,000 MW, including the two largest gas-fired combined-cycle power plants in the world.