Egypt secures $4 billion of financing for new gas fired plants

• 9 years ago (2016-04-14)

Middle East 363 North America 1069 Renewables 815

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The new Beni Suef, Burullus and New Capital power plants – each with a capacity of 4.8 GW – is set to increase Egypt’s energy generation capacity by more than 50 per cent to meet increasing power demand. The project will feature Siemens H-class turbines.

Siemens will also build up to 12 wind farms with 2 GW capacity in the Gulf of Suez and the West Nile areas. The plants will feature 600 turbines.

Siemens president and CEO, Joe Kaeser, said: “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.”