A track record in Operations & Maintenance & high quality property management

We have secured a number of multi-year O&M contracts for projects on which the Group is also the contractor. Current O&M contracts span several sectors such water treatment, wastewater treatment, water desalination and transportation. We recognized a gap in the Egyptian market for seabet mya high-quality facility management company. To fill this growing need, Orascom construction invested in Contrack FM and Orascom Industrial Parks (Orascom-IP).

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16 September, 2024

Orascom Construction PLC (NASDAQ Dubai: OC; EGX: ORAS) announces that its consortium with ENGIE (France) and Toyota Tsusho Corporation/Eurus Energy Holdings Corporation (Japan) has signed an extension to its Power Purchase Agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) to add another 150 MW of wind power capacity to the 500 MW Red Sea Wind Energy project currently under construction in Ras Ghareb, Egypt, bringing total capacity of the wind farm to 650 MW.

The consortium is on track to energize the first 250 MW phase of the wind farm by December 2024, two months ahead of schedule, and gradually connect the balance to the national grid by Q3 2025. The consortium will develop the additional 150 MW on adjacent land on a fast-track basis, ensuring commercial operations for the entire 650 MW by Q3 2025 as originally planned prior to this expansion.

Once operational, the expanded wind farm will generate clean energy for over 1 million homes and reduce carbon emissions by approximately 1.3 million tons annually, supporting Egypt’s transition to renewable energy.

This expansion builds on the consortium’s previous achievements in developing Egypt’s renewable energy sector, including the 262.5 MW Ras Ghareb wind farm—the country’s first Independent Power Producer (IPP) project of its kind—operational since October 2019. Following this latest expansion, the consortium's total wind power capacity in Egypt will increase to 912.5 MW.