Orascom Construction gets US $181 million deal from Cairo Electricity

Orascom Construction Industries (OCI) received US $181 million (£110 million) civil construction deal from Cairo Electricity Production Company.

As per this deal, Orascom Construction Industries will build 1,500MW combined cycle power plant in Giza.

Osama Bishai, COO of OCI Construction Group, said, 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.

Orascom Construction Industries is scheduled to finish this project in about 32-month. At present, the company is engaged in a number of power plants in Egypt and Algeria with a total power production capacity of 5,250MW.