Siemens secures Egypt

19.03.2015
At the side of the Egypt Economic Development Conference, Siemens has, among other things, managed to secure confirmation for the 2 GW wind energy capacity. (Photo: dpa)
At the side of the Egypt Economic Development Conference, Siemens has, among other things, managed to secure confirmation for the 2 GW wind energy capacity. (Photo: dpa)

Siemens has agreed with the Egyptian government to install wind power capacity of 2 GW in the country. Furthermore, a 4.4 GW combined-cycle power plant is planned.

Siemens and the Egyptian government have reached firm agreements to build a 4.4 GW combined-cycle power plant and install wind power capacity of 2 GW. Siemens will build a factory in Egypt to manufacture rotor blades for wind turbines, creating up to 1,000 jobs and therefore nearly trebling Siemens' footprint in the country.

“Wind power is clean and renewable, and will strengthen Egypt's energy security at this important point in its history. Adding 2 GW will be a significant step towards diversifying the country's energy mix”, said Markus Tacke, CEO Siemens Wind Power and Renewables Division. “Egypt has great potential for wind power generation, especially in the Gulf of Suez and the Nile Valley”, he added. The Egyptian government plans to expand wind capacity over the coming years as part of a plan to increase wind generation to 7.2 GW by 2020.

Including two further Memorandums of Understanding (MoU) which were signed by Siemens and the Egyptian government, 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 Shaker al Markabi, Germany's Vice Chancellor Sigmar Gabriel, and Joe Kaeser. At the same conference plans for a new capital for Egypt have been released.

“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. Siemens' technology and expertise has been supporting Egypt's growth for more than 150 years”, said Joe Kaeser, President and Chief Executive Officer of Siemens AG. “We have also agreed to continue the well-established practice of dual-education apprenticeships, a success-story between Germany and Egypt for decades."

Katharina Garus

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