Siemens to construct new US$9bn gas and wind-power plant in Egypt

09 June 2015

Egypt’s power sector is set to improve and more power will be supplied to the Nation geogrid as Germany’s leading power producer Siemens has signed a USD$9-billion deal to develop and build gas and wind-power plants in Egypt.

The contract is the biggest single deal order Siemens has received from the African country and they are expected to deliver the project that will see generation of over 50% of power in the country.

According to the agreement the Germany Company Siemens is set to work along with the local Egyptian partners Elsewedy Electric and Orascom Construction to supply the natural gas and also build an automatic gas and fire cycle that will be able to supply upto 5 GW to the national geo grid.

Upon the completion of the power plants it is expected that they will supply an initial 4.5 GW before summer in 2017 and the full 14.5 GW in the next 38 months thereafter.


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