Initiating the establishment of “Chapter Zero Egypt – the Directors’ Climate Forum Association” to educate companies’ Boards of Directors on the opportunities and challenges of climate change
The establishment of the Egyptian NGO association “Chapter Zero Egypt – the Directors’ Climate Forum” was announced by Eng. Ahmed El Sewedy, President & CEO El Sewedy Electric, on Wednesday 9 November, on the sidelines of the United Nations Climate Summit COP 27, hosted in Sharm el-Sheikh, Egypt. El Sewedy said that this initiative is […]
Actis, Engie, Datang are all in running for stake in Egypt’s Siemens plants
More details on potential investors in Egypt’s Siemens combined-cycle power plants: Actis, France’s Engie, and China Datang Overseas Investment are all competing alongside Blackstone’s Zarou to acquire a stake in the Siemens / Orascom Construction / Elsewedy Electric combined-cycle power plants, according to Bloomberg. Sources in the Electricity Ministry had said earlier this week that […]
Egypt’s sovereign wealth fund looks to acquire 30% stake in Siemens plants
Egypt’s new sovereign wealth fund could take a 30% stake in Siemens-OC-Elsewedy power plants and place the rest with international investors. Sovereign wealth fund is looking to acquire a 30% stake in the Siemens / OC / Elsewedy power plants, the fund’s boss says, positioning the SWF’s interest in the three combined-cycle power plants in […]
EDF, Elsewedy commission 130 MW solar power plants in Benban
EDF Renewables and the ELSEWEDY ELECTRIC Group are announcing the commissioning of two solar power plants in Benban (Egypt) with a total installed capacity of 130MWp. These photovoltaic projects jointly owned by the partners hold a 25-year power purchase agreement (PPA) with the Egyptian Electricity Transmission Company (EETC). Their commissioning brings the EDF Group one […]
Siemens Egypt Megaproject named 2019’s Plant of the Year by POWER Magazine
Egypt Megaproject: An Expedited Power Transformation. Winning POWER’s highest honor is a set of three gas-fired power plants and related infrastructure—the Egypt Megaproject—which was the single biggest order ever in Siemens’ long history. Completed in a record-setting 27.5 months from financial closure, the three plants added 14.4 GW to Egypt’s power grid, heaving the country […]
Egypt mulls offers from Zarou, Edra to take over Siemens Power Plants
Egypt is considering offers from a Blackstone Group unit and Edra Power Holdings Sdn Bhd of Malaysia to take over three power plants co-built by Siemens AG — a move that could cut the North African nation’s debts while bringing in much-needed foreign investment. Both Blackstone’s Zarou Ltd. and Edra have voiced interest in the […]
Siemens to strengthen Egypt’s national grid with two new substations in the Delta region
In a new move aimed at improving the resilience of Egypt’s power grid, the Egyptian Electricity Transmission Company (EETC) has awarded Siemens a contract for the construction of two substations. These will be used to transmit electricity from the Burullus power plant, set to become the world’s largest combined cycle station, to the population. When […]
Video: Steaming ahead – Egypt Megaproject hits two more milestones (Siemens)
Watch how Siemens places together with its local partners, Orascom Construction and Elsewedy Electric, the low pressure steam turbine rotor in Beni Suef and proceeds with the erection of the Heat Recovery Steam Generator in Burullus. Two mile stones towards more electricity for Egypt. Learn more about the project here: www.siemens.com/egyptmegaproject (Source: Siemens AG)
Siemens' Egypt Megaproject sets new global record for fast-track execution of power projects
Inside Egypt’s record-breaking energy megaproject. Siemens has set a new global record for the execution of fast-track power projects by connecting 4.8GW of generation capacity to the Egyptian grid. Julian Turner asks Peter Ullrich, project director of the three combined-cycle power plants at Siemens Power & Gas Division, how it was achieved. Beautiful and benighted, […]
Siemens Megaproject: “First Fire” in Egypt – An achievement driven by cooperation and people
The Egypt Megaproject has reached a major milestone on time, even achieving a surplus of 10 percent (or 400 megawatts) over the promised generation capacity to be available within 18 months of the signing of the contract: The first twelve SGT5-8000H gas turbines located at the combined cycle power plants in Beni Suef, Burullus and New […]
