Oil Egypt accountACCOUNT King Tut

New Capital and Burullus Power Plants Formally Inaugurated

Source: www.gulfoilandgas.com 3/2/2017, Location: Egypt

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Orascom Construction Limited announces the formal inauguration of the first phase of New Capital and Burullus Power Plants, which will be the largest gas-fired combined cycle power plants in the world once complete. The ceremony was attended by German Chancellor Angela Merkel and Egyptian President Abdel Fattah El Sisi, and celebrated a new worldwide benchmark for the fast-track execution of power projects.

Orascom and its consortium partner, Siemens, already connected a total of 2,400 MW to Egyptís national grid at both power plants, exceeding delivery targets by 20%. Once complete, each power plant will generate a total of 4,800 MW.

These two projects build on Orascomís integral role in the recent development of Egyptís power sector. Orascom completed in Q3 2015 the 1,500 MW simple cycle phase of Assiut and West Damietta Power Plants in less than 8 months as part of Egyptís emergency power program, and is currently converting both power plants from simple to combined cycle, increasing capacity by 50%.

Orascomís involvement and achievements in Egyptís power projects has established the Group as a major player in the power EPC market. The total capacity currently under construction exceeds 10,000 MW.

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