Siemens $1.75b Maintenance Contract Approved

Siemens $1.75b Maintenance Contract Approved

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.

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