Cairo Electricity Production’s CEO, Mohamed Mokhtar, stated that progress is underway on the Egyptian New Capital’s power plant, estimated to cost $2b in investments, with 30% of the project completed. He added that Germany’s Siemens has supplied the project with the first round of turbines, with a capacity of 400 MW, and a 4800 MW electricity generator, reported Al Mal News.

In related news, the Egyptian Ministry of Electricity and Renewable Energy has signs several deals with Siemens to implement various projects including three power plants with a capacity of 14,400 MW, in addition to 2000 MW wind plant. The German firm has invested a reported $6.6b in Egypt’s energy sector.