Last Update 17:3
Monday, 24 September 2018

Egypt's cabinet approves $8.7 bn deal with Siemens for power generation

The German company will also establish a factory to make the blades used in wind farms

Ahram Online , Tuesday 26 May 2015
Siemens
Saftey helmets are piled up for media representatives at the Siemens AG gas turbine factory hall in Berlin November 8, 2012. (Photo: Reuters)
Share/Bookmark
Views: 60187
Share/Bookmark
Views: 60187

Egypt's cabinet approved on Tuesday a deal between German Siemens and the state-owned electricity holding company to establish three power stations with a capacity of 14,400 megawatts.

The projects, which are worth €8 billion ($8.7 billion), include establishing and operating wind power stations with a power generating capacity of 2000 megwatts, reported state-owned news agency MENA.

The German company will also establish a factory to make the blades used in wind farms with a capacity to produce 300 blades for 100 wind turbines to reach 340 megawatts annually.

During an economic development conference held in Egypt's resort town Sharm El-Sheikh, the industrial giant agreed with the Egyptian government to establish a wind power plant and a new wind rotor blade factory.

Short link:

 

Email
 
Name
 
Comment's
Title
 
Comment
Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.
Latest

© 2010 Ahram Online.