24 Nov 2015
(MENJAFN) Siemens, the German multinational conglomerate considered to be the largest engineering company in Europe will build state-of-the-art power plants for Egypt at a cost of USD8.5 billion.
The contract, which calls for three joint-cycle power plants with a capacity of 4,800 megawatts each, plus 12 wind farms, was signed in June and marked the single-biggest order in Siemens’ history.
Additionally, the massive project is projected to start operation in 2016, with full production by April 2018, and is designed to boost and increase Egypt’s electricity generation by roughly 50 percent.
Furthermore, according to recent reports, a group of banks has approved to finance and supply credit for the Beni Suef natural gas-fired combined cycle power plant, the first of the three planned plants.
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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