Egypt Tying Up Gas-Fired Finance, Looks To Advance Renewables And Nuclear

Egypt is tapping the finance market for loans to support an electricity sector investment program, that could see more than 20GW of new mainly gas-fired generating capacity added by the end of 2020, and almost 40GW of capacity incorporating a variety of energy sources in the longer term.

The biggest single component of Egypt’s electricity expansion plan to date is an €8bn ($8.55bn) contract awarded to Germany’s Siemens, for gas-fired and wind turbines with a combined capacity of 16.4GW, equivalent to more than half of the country’s end-2014 generating capacity of 31.45GW. The Siemens gas-fired turbines will be installed in three 4.8GW combined cycle gas-turbine (CCGT) plants, at Beni Suef, Burullus and a planned new capital city 45km east of Cairo. These will be built by Egyptian firms Elsewedy Electric and Orascom Construction for start-up during 2017-20. Each plant will comprise eight 600MW units. (CONTINUED - 686 WORDS)

DATA INSIDE THIS ARTICLE

table Egypt Power Projects/Preliminary Deals