Award of $470 million contract for a power plant in Lebanon

J&P-AVAX SA signed with the government of Lebanon on 12.04.2013 a contract worth $470 million for the construction of Deir Aamar (Phase II) power plant near the city of Tripoli, Lebanon. The project will be financed by the government of Lebanon.

The project includes the construction of a 590MW Combined Cycle power plant designed for a triple–fuel firing system considering Heavy Fuel Oil (HFO), Light Fuel Oil (LFO) and Natural Gas (NG) as fuel. The plant includes three gas turbines, three heat recovery steam generators and one steam turbine, along with all necessary marine and on-shore infrastructure.

Marousi, April 16, 2013

THE BOARD OF DIRECTORS