Egypt’s Orascom Construction this week signed a contract for construction of the 650MW capacity Walideya steam turbine power plant at Assiut, 320km south of Cairo in the Nile Valley. The company says the contract is worth “approximately $100mn.”

The choice of a steam turbine rather than a more efficient gas turbine will enable the plant to burn fuel oil when gas is in short supply. However, generator EEHC’s need to keep its fuel options open suggests the end of...