Siemens are to build a new factory to manufacture rotor blades for wind turbines, creating up to 1,000 jobs in the country and trebling the German company’s presence in the country.
Egypt’s power generation capacity will be massively increased by up to one-third mostly by 2020. Under the agreements, Siemens will propose to build additional combined cycle power plants with a capacity of up to 6.6 GW and ten substations for reliable power supply. The agreements were signed at the Egypt Economic Development Conference in Sharm el-Sheikh in the presence of Egypt’s Minister of Electricity, Germany’s Vice Chancellor and members of the Siemens management.
Joe Kaeser, President and Chief Executive Officer of Siemens AG said;
Egypt needs a powerful and reliable energy system to support its long-term, sustainable economic development, and experienced partners who understand the specific challenges facing the country.
The German company has been working in Egypt since 1859, and has maintained a continuous presence in the country since opening its first office in Cairo in 1901. The company’s technology has been implemented in the Nubaria, Talkha, Damietta, Midelec and El Kureimat power plants, and Siemens is also a key technology supplier to major projects in the transport, healthcare and industrial sectors.
According to the agreement, Siemens will be the contractor responsible for engineering, procurement and construction for the Beni Suef power plant in Upper Egypt, and will work together with local partners. The 4.4 GW power plant will be built in four modules, each consisting of two H-class gas turbines, two heat recovery steam generators, one steam turbine, and three generators.