Fertiglobe, Scatec, Orascom, Sovereign Fund of Egypt start commissioning of “Egypt Green”, Africa’s first integrated green hydrogen plant, during UN Climate summit
Today marks the start of the commissioning of the first phase of the green hydrogen plant in Ain Sokhna, Egypt, during an event at COP27 attended by Egyptian President, Abdel Fattah El-Sisi and the Norwegian Prime Minister, Jonas Gahr Støre. The facility is the first integrated green hydrogen plant in Africa, and when fully developed […]
Egypt approves H2 Industries’ $3bn waste-to-hydrogen plant in East Port Said
East Port Said is getting a USD 3 bn green hydrogen hub: The Suez Canal Economic Zone has given H2 Industries, a German-based energy storage company, preliminary approval to develop a USD 3 bn waste-to-hydrogen plant in East Port Said, executive chairman Michael Stusch told the National. The plant will consume 4 mn tonnes of waste a year, […]
EBRD to provide $50m long-term loan for Egypt’s Ras Ghareb wind plant
EBRD to provide long-term loan to Egypt for large wind plant in Gulf of Suez: The EBRD has approved a USD 50 mn long-term loan to help finance a USD 560 mn, 500 MW wind power plant in the Gulf of Suez. The plant, which will be located approximately 40 km northwest of Ras Ghareb, […]
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 […]
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 […]
Egypt signs contract for $400 mn Gulf of Suez wind farm
The project is expected to produce 250 MW of energy. The state-owned Egyptian Electricity Transmission Company on Tuesday signed an agreement with a Toyota-Engie-Orascom alliance to establish and develop a wind farm in the Gulf of Suez. The prime minister Sherif Ismail, the minister of electricity Mohammed Shaker, the minister of investment and international cooperation […]
Siemens Gamesa lands 262 MW supply of wind turbines for Ras Ghareb farm
Siemens Gamesa nabs 262-MW order in Egypt Wind turbine manufacturer Siemens Gamesa Renewable Energy SA today announced a 262-MW order for the Gulf of Suez wind farm in Egypt. The order, signed in the final quarter of 2017, was secured from a consortium made up of French utility Engie, Japanese power companies Toyota Tsusho Corp […]
Five companies prequalify for Gulf of Suez wind farm tender
Five companies have reportedly entered the race for the New and Renewable Energy Authority (NREA)’s 250 MW wind farm project in the Gulf of Suez, Al Borsa reports. Among the bidders are Vestas, Siemens, Enercon, Ray Power, and a consortium comprised of Power China and Goldenwind. 21 companies, including Lekela Power, Nordic Power, and Orascom […]
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, […]
