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Sunday, 25 February 2018

Four consortia competing over New Capital cooling plants

Four consortia of domestic and Arab investors are competing for contracts to build cooling plants in the new administrative capital with a total capacity of 120k tonnes per day, sources tell Al Borsa. The bidding consortia are Orascom-Engie, Elsewedy-Unicool, Gas Cool-Petrojet, and a Hassan Allam-led consortium. The New Administrative Capital Company for Urban Development is reviewing the offers and will decide on the winning bid within two months, the newspaper says.

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