GE delivers 2.7 GW in natural gas turbine technology to Egypt

 GE delivers 2.7 GW in natural gas turbine technology to Egypt

GE (NYSE: GE) signed major contracts with the government of Egypt to deliver 2.683 GW in aeroderivative and heavy-duty gas turbines to power plants in the country.

GE will supply 46 turbines total, 34 aeroderivative and 12 heavy-duty turbines. They are expected to begin producing power as soon as May 2015. The contracts were signed in December 2014 and GE dispatched its gas turbine technology to sites under construction across Egypt soon after signing. GE’s gas turbines already generate more than 9.5 GW of electricity in the country, nearly 30 percent of Egypt’s total installed capacity.

Egypt’s generating capacity must be scaled up to 50 GW by 2025 -- nearly double the current capacity -- in order to meet demand growing at an annual rate of 10 to 12 percent, according to the Oxford Business Group.

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