Orascom Construction signs USD 100 mn contract for 650 MW power plant in Assiut

Orascom Construction (OC) signed a USD 100 mn contract to build a 650 MW steam turbine power plant in Assiut’s Walidiya, according to a filing with the EGX. OC is mandated with the full civil work for the plant. OC had completed a USD 420 mn project in cooperation with General Electric to convert a plant in Assiut into a combined-cycle plant.