Egypt inks $352 mln deal with Siemens to manage power stations
CAIRO, Sept 20 (Reuters) - Egypt on Thursday signed a $352
million contract with Siemens AG and Siemens
Technologie to manage three gigantic new power plants built to
plug a gap in Egypt's electricity needs, state news agency MENA
Egyptian President Abdel Fattah al-Sisi opened the power
stations in July, which were built by Siemens at a total cost of
6 billion euros ($7 billion).
Egypt commissioned the plants at a time when the Arab
country was suffering rolling blackouts and industries were
forced to closed down for months at a time.
The two companies will manage, operate and maintain the
three power stations, billed as the biggest in the world when
construction began in 2015, at the new administrative capital
east of Cairo, at Burullus in the northern Nile Delta and at
Beni Suef south of Cairo, MENA said.
Each plant generates 4.8 gigawatts of power.
Egypt's state Electricity Holding Company said that Siemens
would contract experts from the state-run firm to manage,
operate and maintain the power stations after they receive
training in Germany, MENA quoted the state company's head as
($1 = 17.8500 Egyptian pounds)
($1 = 0.8546 euros)
(Reporting by Ahmed Tolba, writing by Sami Aboudi, editing by
Patrick Werr and Alexandra Hudson)
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