Mounting an effort to combat the blackouts and brownouts that are familiar features of life in Cairo, the Egyptian government recently secured the final piece of financing for a new 1,500-MW, combined-cycle gas-fired powerplant designed to keep the capital city’s lights on longer. With Egypt’s electricity demand set to grow 50% by 2017, the planned $1.3-billion Giza North plant represents a small but critical step toward power sufficiency. A $384-million loan from the European Investment Bank completed financial requirements for the plant, which is 30 kilometers northwest of Cairo. The World Bank board of directors approved a $600-million loan for
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.