Amwal Al-Ghad reported on Wednesday the Egyptian Cabinet ratified a $1.75b maintenance contract with Germany’s Siemens.
Siemens had signed the contract with the Egyptian Electric Holding Company for three power plants and for a 12-year duration.
The original deal for building the three power plants, also with Siemens, was approved in May, according to Al-Ahram Online, for three power stations with a capacity of 14,400MW at a cost of nearly $9b.
The original deal also includes a renewable energy component, with plans to build a factory to make 300 blades for 100 wind turbines, meant to generate 340MW annually.