A German joint venture of Siemensand Kochhas been awarded the $522 million engineering, procurement and construction (EPC) contract to build the 750-MW combined cycle power plant at Deir Ali. The client is the Public Establishment of Electricity for Generation & Transmission (PEEGT).
The estimated 30-month contract calls for the supply and installation of two 250-MW gas turbines and a 250-MW steam turbine. Work on the project is due to start before the end of September. The European Investment Bank (EIB) is providing Eur 200 million ($263 million) and Kuwait-based Arab Fund for Economic & Social Development (AFESD) is extending $100 million towards the cost of the project. PEEGT's capital works programme for 2005 also includes the construction of a 750-MW combined cycle plant at Deir al-Zor. Three bids were received for the EPC contract in late February from the Siemens/Koch joint venture, Canada's SNC Lavalinand a Spanish/Polish joint venture of Iberdrolaand Alstom Poland. PEEGT expects to award the estimated $400 million contract at the end of October. The project is being financed by Tokyo and AFESD (MEED 11:3:05).
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