French components make up 50 per cent of the total project scope
The Egyptian Electricity Transmission Company (EETC) has awarded the US GE a contract worth about $250m to provide advanced grid solutions technologies to substations located in Mostathmereen, Beni Suef Industrial, Ismailia East and Temay Alemdeed.
The four gas-insulated substations (GIS) will help connect 7GW of power to the national grid, which is the equivalent to the electricity needs of more than 6.5 million Egyptian homes.
The contract is part of the Protocol of Cooperation signed during the French Presidential visit to Egypt. Eyptian President Abdul Fattah al-Sisi and French President François Hollande witnessed the signing, among other agreements between the two countries to further support Egypts economic, industrial and infrastructural development.
French components make up approximately 50 per cent of the total project scope, including the GIS technologies to be installed at the substations, which are manufactured and assembled in France. Last year, GE completed the acquisition of Alstoms power business.
GE transforms power services business with Alstom deal
In November 2015, US-based GE completed the 12.35bn ($13.85bn) acquisition of the power and grid businesses of Frances Alstom. The transaction meant major changes for GEs power services arm. Read more
The project is being executed by GE as part of a consortium with Egyptian contractor Rowad Modern Engineering. The project is expected to create approximately 50 permanent jobs and 1,000 indirect jobs for Egyptians during the construction and installation. The first phase, which includes the Mostathmereen substation, will be connected to the grid within six months. The remaining three substations will be completed by the end of 2017.
Another contract signing witnessed by the French and Egyptian presidents was the $1.2bn civil engineering contract for the third phase of Cairo Metros Line 3.
A consortium led by French firms Vinci Construction Grand Projects and the local subsidiary of Bouygues Construction, and which includes local contracting firms Orascom Construction and Arab Contracting, was selected for the contract earlier in April by the National Authority for Tunnels (NAT).
GE completes Egypt power project
The US GE has completed the upgrade of the Banha power plant in the Qalyubia governorate in Egypt.
The expansion will increase the output of the 750MW facility by up to 7 per cent during peak periods.
The combined-cycle plant began commercial operations in January 2014, and is powered with two GE 9FA gas turbines and one steam turbine. The 750MW of power can provide electricity for more than 700,000 homes. Read more