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FINANCIAL NEWS
Siemens, Egypt sign contract for Power Plant Turbines supply
11 Mar 2015
(MENAFN) German industrial group Siemens was granted a contract to supply four E-Class turbines to Egypt’s Attaka Power Plant to improve its generation capacity, Amwal Alghad reported.
Under a supply contract with ELSEWEDY Power System Projects (PSP), the turbines from Siemens will add more than 650 megawatts (MW) of power generation to Egypt’s national electricity grid.
The contract is set in hopes of coping with the country’s rapidly increasing demand for power by adding new generating capacity to existing power facilities throughout Egypt.
“Siemens has been trusted to deliver infrastructure to Egypt for more than 113 years, and I’m pleased to say that this latest project is in progress, on time and being executed according to the fast-track schedule,” Senior Vice President Power Generation of Siemens Middle East said.
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