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Oci formally signs us$ 363 m contract in iraq

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OCI Formally Signs US$ 363 Million Contract to Build a 1,000 MW Gas Turbine Power Plant in Iraq
Orascom Construction Industries (OCI) announced today that it formally signed the US$ 363 million contract to build a 1,000 MW gas turbine power plant in Baija, Iraq. The Iraqi cabinet approved the project in January 2012.
The power plant was tendered and awarded by the Iraqi Ministry of Electricity, which was established in 2003. The project is expected to be completed in 21 months.
About Orascom Construction Industries
OCI is one of Egypt's largest corporations employing more than 72,000 people in 35 countries around the globe. The OCI Fertilizer Group owns and operates nitrogen fertilizer plants in Egypt, the Netherlands, the United States, and Algeria and has an international distribution platform spanning from the Americas to Asia. The OCI Fertilizer Group ranks among the world's top fertilizer producers with a production capacity which will exceed 7.0 million metric tons in 2012. The OCI Construction Group provides international engineering and construction services primarily on infrastructure, industrial and high-end commercial projects in Europe, the Middle East and North Africa for public and private clients. The OCI Construction Group ranks among the world's top global contractors.
This information is provided by RNS The company news service from the London Stock Exchange

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Oci formally signs us$ 363 m contract in iraq

  1. 1. OCI FormallySigns US$ 363 MContract inIraq
  2. 2. OCI Formally Signs US$ 363 Million Contract toBuild a 1,000 MW Gas Turbine Power Plant inIraqOrascom Construction Industries (OCI)announced today that it formally signed theUS$ 363 million contract to build a 1,000 MWgas turbine power plant in Baija, Iraq. The Iraqicabinet approved the project in January 2012.The power plant was tendered and awarded bythe Iraqi Ministry of Electricity, which wasestablished in 2003. The project is expected tobe completed in 21 months.
  3. 3. About Orascom Construction IndustriesOCI is one of Egypts largest corporationsemploying more than 72,000 people in 35countries around the globe. The OCIFertilizer Group owns and operatesnitrogen fertilizer plants in Egypt, theNetherlands, the United States, and Algeriaand has an international distributionplatform spanning from the Americas toAsia.
  4. 4. The OCI Fertilizer Group ranks among the worldstop fertilizer producers with a production capacitywhich will exceed 7.0 million metric tons in 2012.The OCI Construction Group provides internationalengineering and construction services primarily oninfrastructure, industrial and high-end commercialprojects in Europe, the Middle East and NorthAfrica for public and private clients. The OCIConstruction Group ranks among the worlds topglobal contractors.This information is provided by RNS The companynews service from the London Stock Exchange

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