Siemens is set to add 800 MW to the national grid from the Borollos power plant by the end of June.
Sources at the Ministry of Electricity said that the new output will be linked to the grid after the tests for each unit of 400 MW in the first week in June and extending for 30 days, then the units will operate commercially.
The German company Siemens began commercial operation of 12 production units in Borollos, Beni Suef, and the New Administrative Capital power plants to output 4,800 MW. Following the operation of the two new units, the total capacities recently added by Siemens will reach 5,600 MW.
The sources added that the maximum consumption is at 26,000 MW, with a surplus in production of 1,000 MW, next to the stations that have been stopped to save fuel and the 4,800 MW from Siemens.
The sources added that all of the capabilities added by Siemens are highly efficient and have been commercially run, but have not been operational at present because of no need for extra feed.
The sources expected that the total load will reach 33,000 MW by the end of the month. Siemens’ units will then be operated to feed the inflow.
The Egyptian Electricity Holding Company (EEHC) signed contracts with Siemens last year to implement three combined-cycle power plants with a total capacity of 14,400 MW. The three power plants are located in Borollos, Beni Suef, and the New Administrative Capital. Siemens is implementing the three projects on an EBC+Finance scheme, while the EEHC will repay the loan over several years.
Three German banks—KfW Development Bank, HSBC, and Deutsche Bank—secured funding for Siemens’ projects in Egypt, amounting to €4.1bn of a total contract value of €6bn. Arab banks secured the remaining funding in Egyptian pounds to pay for the Egyptian companies participating in constructions, including Elsewedy Electric and Orascom.