SCZone asks Hyflux to develop Ain Sokhna on BOT or BOO basis

Singapore’s Hyflux will reportedly develop the USD 500 mn Ain Sokhna Integrated Water and Power Project on a BOT or BOO basis, according to The Business Times, saying the project will be awarded by the General Authority for Suez Canal Economic Zone (SCZone). The project was being developed on an EPC contract, which was formalized last April, with Hyflux also saying it would take on the operation and maintenance of the facilities over a 25-year period.