Siemens Gamesa invests billions in Egypt

With the establishment of a giant blade factory as bait, Siemens Gamesa expects, according to an Egyptian media, that a long protracted GW contract can be signed this year. In the meantime, however, it has secured its largest contract in the country so far.

Photo: Siemens Gamesa

It has been almost three and a half years since Siemens and the Egyptian government signed the deal about the so-called Mega-project. However, although large parts of the gas  power plants in the 14.6 GW contract have already been executed, nothing has happened in terms of the turbine projects totaling 2 GW, which were also part of the deal. However, things may be changing soon.

The media Daily News Egypt cites Siemens Gamesa's Egyptian executive director, Ayman Saad, for saying that the contract with the Egyptian authorities is expected to be signed "before the end of this year."

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