Back to the complete issue
Thursday, 12 July 2018

Siemens to sign management contracts for the three combined cycle plants next week

Siemens to sign management contracts for the three combined cycle plants next week: It appears that the Electricity Ministry had settled on having Siemens run the day-to-day operations and maintenance of the three combined-cycle power plants in the new capital, Burullus, and Beni Suef. The global giant built the plants with local partners including our friends Orascom Construction and Elsewedy Electric. Siemens and the state are expected to sign the EGP 6 bn, eight-year contracts next week, sources from the Egyptian Electricity Holding Company said. The EEHC had issued an open tender for the management and maintenance of the plants back in November.

You can get the latest information on the Siemens plants on the company’s landing page. It’s oddly good if you have a moment to check out their videos, and the geeks among you can follow our lead and download their white paper on the plants (pdf, registration required).

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.