Zarou is reportedly leading the race for a stake in Siemens power plants
Zarou is the top contender for stake in Siemens power plants: Blackstone Group’s Zarou is reportedly the frontrunner out of six investors looking to acquire a stake in the Siemens / Orascom Construction / Elsewedy combined-cycle power plants, unnamed Electricity Ministry sources tell Al Mal. The energy development company has reportedly submitted the best financial […]
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 awarded series of five-year grid studies on energy transmission network
Egypt signs contract with Siemens to develop national electricity grid Siemens AG will conduct a series of five-year studies on Egypt’s electricity distribution grid to “identify the feasibility of deploying different advanced energy technologies,” the company said in a press release. Under a contract with the Egyptian Electricity Holding Company (EEHC), Siemens will analyze and […]
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 […]
Siemens to support digitalization of Egypt’s energy transmission network
Project aims to ramp up transmission capacity in the delta area, northern Egypt. Siemens to deliver the country’s first digital power transformer. Intelligent transformers to facilitate better asset management, while enhancing reliability and optimizing costs. Siemens today announced that it has signed an agreement with the Egyptian Electricity Transmission Company (EETC) to supply the country’s […]
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 strengthens Egypt’s grid with two new substations in the Delta
Fast-track installation and erection time of less than 15 months. Featuring one of the country’s largest turnkey substations ever supplied. Substations will transmit electricity from the Burullus plant, supplying 15 million Egyptians with electricity. In a new move aimed at improving the resilience of Egypt’s power grid, Siemens today announced the completion of the two […]
Egypt signs $352 million deal with Siemens to manage 3 power stations
Egypt on Thursday signed a $352 million contract with Siemens AG and Siemens Technologie to manage three gigantic new power plants built to plug a gap in Egypt’s electricity needs, state news agency MENA reported. Egyptian President Abdel Fattah al-Sisi opened the power stations in July, which were built by Siemens at a total cost […]
President Sisi inaugurates three Siemens power plants
President Abdel Fatah al-Sisi arrived Tuesday in the New Administrative Capital to inaugurate four national megaprojects in the electricity sector. The projects include three giant power plants carried out by the German company, Siemens, in the New Administrative Capital, Beni Suef, and Burullus with a total capacity of 14400 megawatts, or about 50 percent of […]
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 […]
