Hyflux Ltd (Hyflux or The Group) is pleased to announce that it has received the formal Letter of Award for the Ain Sokhna Integrated Water and Power Project in Egypt by the General Authority for the Suez Canal Economic Zone (SCZone), following the receipt of the letter of intent announced earlier this month. The value of the EPC contract is US$500 million.
The project marks Hyflux’s entry into the Egyptian market and will be the Group’s first integrated water and power project abroad. Under the letter of award, Hyflux will be the engineering, procurement and construction contractor as well as the operations and maintenance service provider over the 25-year concession period.
The desalination plant is designed to produce 150,000 cubic metres of water per day. An on-site 457 MW combined cycle gas turbine power plant will be constructed to generate power and supply electricity to the desalination plant, and excess power will be dispatched to the grid.