Palestine: EOI for EPC Tender of PPGC 450 MW Combined-Cycle Power Plant

03 September 2014

Palestine Power Generation Company (PPGC) would like to invite qualified EPC contractors to express their intention and ability for the design, engineering, construction, installation, testing, start-up and commissioning of 450 MW power plant in Jenin Governorate.

PPGC is incorporated in Ramallah under the laws of Palestine as a public shareholding company. PPGC is owned by a group of leading Palestinian Institutional Investors that includes the Palestine Investment Fund (PIF) with 39.6%, Palestine Development and Investment Company (PADICO) with 20%, Palestine Telecommunications Group (PALTEL) with 10%, the Arab Bank with 10%, the Palestine Electric Company (PEC) with 5%, the Arab Palestinian Investment Company (APIC) with 4%, the Bank of Palestine and the Cairo Amman Bank. It is anticipated that the company will go public by offering 25% of its equity capital. 

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