VOL. XLI
No. 07
16-February-1998
EGYPT
Egypt Awards First BOOT Power Plant Contract To Intergen
On 10 February Egyptian Electricity Minister Mahir Abaza announced the award toInternational Generating Company (Intergen) of a build-own-operate-transfer (BOOT)contract for the Sidi Kerir 2 power plant, the country's first privately operated powerstation. Intergen is a power developer owned 50:50 by Bechtel Corp. of the US and theRoyal Dutch/Shell Group. The contract, worth about $400mn, provides...
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