OCI is Awarded €560m Contract to build a 1200 MW Combined Cycle power plant in Algeria
Cairo, Egypt. Orascom Construction Industries ("OCI") announced as part of a consortium that it has been awarded a contract worth €1.35bn by the Algerian state-owned electricity company " Sonelgaz" (Societe Nationale de l’Electricite et du Gaz) to construct a new combined-cycle power plant in Algeria on an Engineering, Procurement and Construction ("EPC") basis. The plant which is the first of its kind in Algeria will be located in Terga Wilaya de Ain Temouchent, 600 km west of the capital Algiers and 70 km from Oran City. Alstom is the consortium partner.
OCI’s scope of work includes all construction works including all civil, steel structure, marine, mechanical and electrical erection works. The project is expected to be completed in 45 months.
With this project OCI reinforces its position as one of the leading contractors in the Middle East and North Africa region in the power generation sector. To-date, OCI has received contract awards for the 2x350 MW Thermal Power Plant located in El Tebbin, Egypt as well as the first 62MW Solar Combined Cycle Power Plant located in Kuraymat, Egypt, with a combined value of US$ 230 million.
In Algeria, OCI is the leading private sector contractor with a workforce of more than 5,000 personnel. OCI provides engineering, procurement and construction services on large and complex projects across Algeria including a range of transportation (airports, roads and railway), cement plants, power, telecommunications, petrochemicals, fertilizer, water and high-end commercial projects. OCI recently announced a joint venture with Algeria’s state-owned oil & gas company Sonatrach for the construction of an approximately 2 million tonnes per year ammonia/urea complex where it is a 51% shareholder. OCI and Uhde, a ThyssenKrupp subsidiary, are jointly constructing the complex. OCI has also invested in Algeria’s largest state-of-the-art steel fabrication complex with a capacity of 12,000 tonnes per year. Steel fabrication is an essential component in industrial construction including cement, oil & gas, power and infrastructure projects.
Orascom Construction Industries, Chief Executive Officer, Nassef Sawiris commented during the signature ceremony in Algiers today: "We are proud to be part of Algeria’s drive for development. In addition to the newly announced Terga power plant, OCI is currently constructing Algeria’s largest desalination plant with GE, is executing part of the largest road development projects in the country, is building Algeria’s largest fertilizer complex and has constructed the country’s largest cement production plants. Algeria is currently undergoing strong economic and industrial developments and key investments in infrastructure are being made. Population growth and improvements in standard of living are driving demand for infrastructure including power."