The Egyptian Electricity Holding Company (EEHC) signed a contract with Doosan Group to supply a turbine, condensers, and generators to the Assiut power plant for $61.68m. A source at the EEHC said that several other companies had presented their bids to the tender, before it was awarded to Doosan Group. These companies included Mitsubishi Hitachi Alliance, Toyota Tsusho, Siemens-Shanghai Electric Alliance, and Doosan Group. He explained that the project is composed of a steam turbine with a capacity of 650 MW, condensers, generators, and other facilities. Funders include the Arab Fund for Economic and Social Development, the Kuwait Fund for Arab Economic Development, the Islamic Development Bank, and the OPEC Fund for International Development (OFID).

Source: Daily News Egypt January 17, 2017 15:11 UTC