The contract for the operation and maintenance of the two new power plants at Zouk and Jiyeh has been won by a joint venture of Indian firm Operational Energy Group (OEG), Turkish firm Arkay Limited, and local firm Middle East Power, according to a source at the Ministry of Energy and Water (MoEW).
The contract is pending the sign-off of the Ministry of Finance (MoF). Its value is €108 million ($119 million) over a period of five years.
The Danish contractor, Burmeister & Wain Scandinavian Contractor (BWSC), will now hand the two new power plants over to MoEW’s German consultants, MVV Decon, which will in turn hand them over to the joint venture.
The two plants will have a power capacity of over 270 megawatts.
businessnews.com.lb
30 September
