Four consortia competing over New Capital cooling plants

Four consortia of domestic and Arab investors are competing for contracts to build cooling plants in the new administrative capital with a total capacity of 120k tonnes per day, sources tell Al Borsa. The bidding consortia are Orascom-Engie, Elsewedy-Unicool, Gas Cool-Petrojet, and a Hassan Allam-led consortium. The New Administrative Capital Company for Urban Development is reviewing the offers and will decide on the winning bid within two months, the newspaper says.