Orascom pushes ahead with Egyptian $3 billion coal-fired power plant project
Dubai-headquartered Orascom Construction (OC) has announced today that it is to move ahead rapidly with its planned 3,000 MW coal-fired power plant in Egypt, with an initial cost of $3 billion. OC’s consortium with Abu Dhabi-based International Petroleum Investment Company (IPIC) has signed a development agreement as an addition to the existing memorandum previously signed with the Egyptian government in November 2014.
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