Siemens has completed the establishment of the Beni Suef, Borollos, and New Administrative Capital power plants, with a combined capacity of 14,400 MW.
Government sources told Daily News Egypt that the rates of implementation of the three stations amounted to 99%, and the total capacity added to the electrical grid reached 14,000 MW, from 10 units in the Beni Suef plant (4,000 MW), nine units in Borollos (5,600 MW), and 10 units in the New Administrative Capital (4,000 MW).
The sources added that President Abdel Fattah Al-Sisi will witness the opening of the three stations at full capacity, but the time for the opening has not been set, especially as it is linked to the president’s agenda.
“If the stations do not open this month, it will be in July or October,” a source said.
The heads of the electricity companies do not know the official date for the opening of the stations, but they confirmed that the three stations are ready for commercial operation and that a large number of units have already been connected to the national electricity network.
The sources pointed out that the German company is completing work on the implementation of the remaining units after undergoing performance and operation tests. Egyptian Electricity Holding Company (EEHC) officials follow up on the developments of the projects’ implementation on a daily basis.
The Ministry of Electricity had contracted with Siemens to establish three power plants with a total capacity of 14,400 MW through an EPC + Finance system. Siemens handled design, construction, and financing, while the EEHC will repay loans 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.