The projects are expected to boost the country’s power generation capacity by more than 50% to meet the increasing power demand in the region.
Under the contracts, Siemens, along with Egyptian partners Elsewedy Electric and Orascom Construction, will construct three natural gas-fired combined cycle power plants, Beni Suef, Burullus and New Capital, each with a capacity of 4.8GW, on a turnkey basis.
Powered by Siemens H-Class gas turbines, the first 4.4GW plant will commence operations before summer 2017, while the remaining two will be commissioned in 38 months once the company closes financing.
Upon completion, the three projects will be the largest in the world, the company said.
As part of the deal, Siemens will also build up to 12 wind farms with 2GW capacity in the Gulf of Suez and West Nile areas. The plants will feature 600 turbines.
The company will construct and commission a rotor blade manufacturing facility by the second half of 2017, in Ain Soukhna region, Egypt. It plans to train and employ around 1,000 people at the plant.
Siemens president and CEO Joe Kaeser said: "With these unprecedented contracts, Siemens and its partners are supporting Egypt’s economic development by using highly efficient natural gas and renewable technologies to create an affordable, reliable and sustainable energy mix for the country’s future."
Image: Egypt has selected Siemens to its boost power generation capacity by more than 50%. Photo: courtesy of Siemens Middle East.
