OCI receives $181 million civil works package for 1,500MW power plant in Egypt

Friday, August 19, 2011 7:43 AM

(Source: Datamonitor)trackingOrascom Construction Industries, or OCI, has received a civil works package, worth $181 million for the 1,500MW combined cycle power plant in Giza, Egypt.

The project was awarded by the Cairo Electricity Production Company and is expected to be complete in approximately 32 months. OCI is currently constructing several power plants in Egypt and Algeria with a total power generation capacity of 5,250 MW, the company said.

OCI Construction Group COO, Osama Bishai, commented, "the Construction Group continues to target key power projects in its Middle East and North Africa markets as these markets continue to face severe power supply deficits. The Group has been able to secure sizeable contracts and we believe the power sector in the region will continue to provide great opportunities for OCI."

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