Siemens Invested $8.4b in Egypt’s Energy Sector
Siemens Egypt’s CEO, Emad Ghaly, stated that his company has invested around $8.94b in Egypt’s energy sector, with high-efficiency natural gas-fired power plants and wind power installations that will increase the country’s power generation capacity by more than 50%, as the facilities are expected to add an additional 16.4 GW to the national power grid, reported Daily News Egypt.
Siemens Egypt is currently working together with its local partners Elsewedy Electric and Orascom Construction to finish constructing three power plants. The company expects to start operations at the Beni Suef facility in December, while operations in Burullus and the New Administrative Capital plants will commence in January 2017.
Within the scope of Siemens’ power project , 11 H-class gas turbines are being delivered to Egypt, along with generators. Furthermore, the german firm is increasing its local manpower during the construction phase of the power plants.
Ghaly concluded that Siemens will also deliver up to 12 wind farms in the Gulf of Suez and west Nile areas, comprising around 600 wind turbines and an installed capacity of 2 GW. Furthermore, the company is in the process of selecting a contractor for the detailed design and construction of a turbine blades factory in Ain Sokhna.