Egyptian billionaire’s firm bags $2.2bn Rabigh 2 power plant project

Egyptian billionaire Ahmed Elsewedy’s Elsewedy Electric has won a $2.2 billion contract, alongside China’s Sinohydro, to expand Saudi Arabia’s Rabigh 2 Independent Power Plant. In a statement issued on Wednesday, October 14, Elsewedy Electric said the contract was awarded to a consortium made up of Elsewedy Electric Power Systems Projects and Sinohydro, with commercial operations […]