Chinese company TBEA and the Egyptian Orascom won the tenders for implementing transformers’ substations and civil works for the 650 MW Walideya, Assiut power plant. The sources noted that the proposals for another tender for pumps are being evaluated. The plant works through a steam boiler with supercritical pressure, fuelled by natural gas and fuel oil. 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). The UEEPC will finance $170m, roughly 23% of the total cost of the project.

Source: Daily News Egypt March 22, 2017 15:56 UTC