According to Siemens, the deal increases the country's power generation capacity by up to 33% by 2020.
Per the agreement, Siemens will build a factory in Egypt to manufacture rotor blades for wind turbines, creating up to 1,000 jobs. The Egyptian government plans to expand wind capacity in the coming years as part of a plan to increase wind generation to 7.2 GW by 2020.
Siemens will also be the contractor responsible for the engineering, procurement and construction for the 4.4 GW Beni Suef power plant in Upper Egypt and will work together with local partners. The plant will be built in four modules, each consisting of two H-class gas turbines, two heat recovery steam generators, one steam turbine and three generators, the company notes.
Under the agreement, Siemens will propose to build additional combined-cycle power plants with a capacity of up to 6.6 GW and 10 substations for reliable power supply.