Hyflux clinches letter of intent for USD500m EPC contract in Egypt

For an integrated water and power project.

Mainboard-listed Hyflux has been given a letter of intent for a contract by the General Authority for the Suez Canal Economic Zone (SCZone) to construct the Ain Sokhna Integrated Water and Power Project in Egypt.

The project is valued at UD500m, and the letter of intent will be followed by signing of relevant contracts.

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. Excess power will be
dispatched to the grid and go towards supplying the Egyptian’s governorates needs.