3 electricity megaprojects provide power to 40M citizens, factories: Siemens CEO



Tue, 24 Jul 2018 - 01:10 GMT


Tue, 24 Jul 2018 - 01:10 GMT

CEO of Siemens Joseph Kaiser - TV Screenshot

CEO of Siemens Joseph Kaiser - TV Screenshot

CAIRO – 24 July 2018: The three giant electricity plants, provided by Siemens, produce electric power for 40 million citizens, in addition to the provision of power to companies and factories for many years to come, CEO of Siemens Joseph Kaiser said.

“The plants will also provide Egypt with prosperity, flexibility and diversification, enabling the country to export energy to Europe and establish cooperative relations with Saudi Arabia,” Kaiser added during his speech in the inauguration of the megaprojects.
“This is a new step towards achieving ambitious goals in 2020,” he stated.

The CEO of Siemens expressed his happiness with what has been achieved, pointing out that Siemens trained 5,500 young Egyptians and hundreds of students in the Egyptian universities.

Kaiser said that Siemens has been working in Egypt for more than a century, confirming that they are now part of the country's history by participating in these projects.

He added that with these projects, Egypt took a step forward to restore its pride and place in the world, noting that 3,000 years ago America hadn’t been discovered yet but Egypt was in the center of the world.

During the inauguration ceremony, President Abdel-Fatah al-Sisi presented a certificate of appreciation to, CEO of Siemens, Kaiser, for the efforts of the company to complete the electricity sector's national projects in a short time.

Sisi praised Siemens role in helping Egypt to support its electricity grid through raising the operating efficiency to work at temperatures higher than those found in natural conditions, given the high temperatures in Egypt.

President Sisi also stated that Siemens helped in the cost of the projects, referring that Egypt's demands were unprecedented in global contracts.

Sisi arrived earlier on Tuesday to the New Administrative Capital to inaugurate four national megaprojects in the electricity sector.

The projects include three giant power plants carried out by the German company, Siemens,in the New Administrative Capital, Beni Suef, and Burullus with a total capacity of 14400 megawatts, or about 50 percent of the electricity grid, in addition to the world’s biggest Gabal al-Zeit wind station.



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