Egypt’s contractor Orascom Construction Limited (OCL) wins a deal to build a new power plant, Invest-Gate reports.

The contractor signs a contract worth USD 100 mn to build a steam turbine power plant with a capacity of 650 megawatts (MW) in Walidiya, Assiut governorate.

The company is currently establishing a number of power plants with a total capacity of 11,000 MW, including the two largest gas-fired combined cycle power plants in the world, according to a bourse filing.