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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