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. Including two further memorandums of understanding, which were signed at the event, Egypt's power generation capacity will be 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, president and CEO of Siemens AG.
According to the agreement, Siemens will be the contractor responsible for engineering, procurement and construction (EPC) for the Beni Suef power plant in Upper Egypt, and will work together with local partners.
The 4.4 GW power plant will be built in four modules, each consisting of two H-class gas turbines, two heat recovery steam generators, one steam turbine, and three generators. Siemens H Class technology is matching Egypt's requirements, combining high output with efficiency.