Regional News

Siemens signs $9bn Egypt contract

July 2015

German industrial group Siemens has signed an €8-billion deal ($9 billion) with Egypt to supply gas and wind power plants designed to boost the North African country’s power generation by 50 per cent.

The order expands on memorandums of understanding announced in Egypt in March with Siemens and other suppliers including General Electric (GE).

The order includes 24 of Siemens’ H-Class gas turbines, adding to just 48 that Siemens has sold in total so far. They will power three new gas plants, which Siemens said would be the largest in the world, once completed.

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