Orascom Construction
OCIC
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OCIC
Orascom Construction Industries (OCI) has begun negotiations with a number of local banks to obtain a direct and indirect financing that will go for executing and operating a power generation plant.
Al Mal newspaper reported on Sunday that a consortium of U.S. General Electric and OCI won a project to construction eight power generation units at 1000 MW capacity in Assiut Governorate.
OCI has already begun talks with National Bank of Egypt (NBE) to raise $700 million, most of which will be received indirectly through guarantee letters and documentary credits for periods ranging between three to five years, sources told Al Mal.
Al Mal newspaper reported on Sunday that a consortium of U.S. General Electric and OCI won a project to construction eight power generation units at 1000 MW capacity in Assiut Governorate.
OCI has already begun talks with National Bank of Egypt (NBE) to raise $700 million, most of which will be received indirectly through guarantee letters and documentary credits for periods ranging between three to five years, sources told Al Mal.
Source:
Mubasher