Siemens fixes giant Egypt order: 3 natural gas and up to 600 wind power plants
Berlin - Siemens has signed contracts worth 8 billion Euro for high-efficiency natural gas-fired power plants and wind power installations that will boost Egypt's power generation capacity by more than 50 percent compared to the currently installed base.
The signing ceremony was witnessed today in Berlin, Germany by Egyptian President Abdel Fattah El-Sisi and German Vice Chancellor Sigmar Gabriel. The orders expand on the memorandums of understanding announced at the Egypt Economic Development Conference (EEDC) held in Sharm El Sheik in March 2015.
"With these unprecedented contracts, Siemens and its partners are supporting Egypt's economic development by using highly efficient natural gas and renewable technologies to create an affordable, reliable and sustainable energy mix for the country's future," said Joe Kaeser, President and CEO of Siemens AG. "The Egyptian people can count on Siemens. This was true more than 150 years ago when Siemens first started working in Egypt, and it remains our commitment today at this historic signing."
Together with local Egyptian partners Elsewedy Electric and Orascom Construction, Siemens will supply on a turnkey basis three natural gas-fired combined cycle power plants, each with a capacity of 4.8GW, for a total combined capacity of 14.4GW. Each of the three power plants
Source: IWR Online, 05 Jun 2015