OCI N.V.
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Publicatie datum
05 nov 2014 - 08:56
Statutaire naam
OCI N.V.
Titel
Orascom Construction and IPIC in Cooperation to Develop Power Plant in Egypt
Bericht
Orascom Construction, the Engineering & Construction Group wholly owned by OCI N.V. (NYSE Euronext: OCI), and the International Petroleum Investment Company (IPIC), today announced their intention to jointly and immediately commence studies to develop, construct, and operate a coal-fired power plant in Egypt. The power plant is expected to have a capacity of up to 2,000 to 3,000 megawatts (MW), utilizing advanced clean-coal technology that complies with EU standards for emission control.
Pending technical studies and governmental and corporate approvals, Orascom Construction and IPIC would aim to develop this project on a fast-track basis in the vicinity of El Hamarawein port on the Red Sea coast, which is currently dedicated to the export of phosphates, to help meet Egypt’s rising demand for electricity.
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