Egypt’s Orascom Construction (OC) has signed an agreement worth $420m to refurbish two government-owned power stations. The contract is with the Egyptian Armed Forces, said Ministry of Electricity spokesperson Mohamed El-Yamani.
The power plants which are located in Assiut and West Damietta have a combined operating capacity of 1,500 megawatts. The plants will be converted from a simple cycle to a combined cycle where the added enhancements are expected to improve capacity by 50%.
“We look forward to further growth of our power business across our core markets as a contractor and a developer,” said CEO of OC, Osama Bishai.
Many companies across the globe are now looking to revamp existing facilities and improve production capacity. This is positive news for job seekers within the power sector as the trending shift is creating many new jobs.
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