Elsewedy-Mitsubishi consortium awarded USD 550 mn EPC contract for Sharjah power plant: A consortium of Elsewedy Electric and Mitsubishi Hitachi Power Systems has won a USD 550 mn engineering, procurement, and construction (EPC) contract for Al Layyah combined cycle power plant in the UAE’s Sharjah, Elsewedy said in a press release (pdf). The 1 GW gas-fired plant is expected to begin generating power by 2020, with Elsewedy in charge of 65% of the works. The company won last year a power plant in Dubai.

The company is also considering expanding to seven new African countries, including Senegal, Côte d'Ivoire and Sierra Leone, CEO Ahmed Elsewedy told reporters yesterday, according to Al Masry Al Youm. Elsewedy said the company is focused on in sectors including alternative energy and technology.

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