President Abdel Fattah Al-Sisi will witness the operation of the Siemens-built power plants in Beni Suef, Brulus, and the New Administrative Capital at full capacity, 14,400 MW, next month. The stations’ investments stand at €6bn.
Sherif Kotb, deputy project director at Siemens, said that the implementation of the three plants reached 97%, with 12,800 MW already added to the grid, spanning 10 units at the Beni Suef plant producing 4,000 MW, eight units in the New Administrative Capital producing 5,600 MW, and nine units in Brulus producing 3,200 MW.
He told Daily News Egypt that the company is in the process of completing the implementation of the remaining units after undergoing performance and operating tests, adding that officials from the Egyptian Electricity Holding Company (EEHC) are following up on the implementation daily, where the timeline of implementation was expedited at the request of the minister of electricity.
He explained that Siemens is to link the plants’ production to the national grid and begin their commercial operation in May, in coordination with electricity generation companies.
Government sources said that Al-Sisi will witness the opening of the three projects at full capacity next month, noting that the president follows up on the executive status of each station during periodic meetings with Minister of Electricity Mohamed Shaker.
Sources at the EEHC said that the receipts provided to Siemens were approved and disbursed by the banks financing the projects. The EEHC will start repaying its loans to the banks after the commercial operation of the aforementioned stations.
The Ministry of Electricity contracted with Siemens to establish three power plants in Beni Suef, the New Administrative Capital, and Brulus, which will have a total combined capacity of 14,4000 MW, based
on an EBC+Finance system. Siemens is designing, constructing, and financing the project, then 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 the constructions, including Elsewedy Electric and Orascom.