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Oil & Gas

Orascom Construction seeks EGP 13 billion financing to bid for Hamrawein clean coal power plant

Posted: October 31, 2016 at 3:15 pm   /   by   /   comments (0)

orascomOrascom Construction (OC) is in talks with local banks to secure EGP 13 billion in funding to back its bid for a contract to build a 2-3.3 GW “clean coal” power plant in Hamrawein under the EPC+Finance system, unnamed sources told Al Mal. The company reportedly solicited offers from NBE, Banque Misr, Banque du Caire, CIB, ADIB, AAIB, QNB, and HSBC for the syndicated facility. Al Mal reports OC’s competitors as being Shanghai Electric, CAMC, Dongfang, SEPCO, and Gezhouba.