Sep 05 2012
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Egypt to build its largest power plant for USD2.9bn
According to official data, the new plant's generation capacity is equivalent to a third of electricity production in Egypt.
Eng. Ahmed Salam, chairman of the Gulf Manufacturing and Energy Company, which is a partner in the project along with German firm Siemens , said the plant would cost up to USD 2.96 billion. It will include a steam turbine that extracts the heat from the water used in the plant to recycle it.
The power station will be built in two phases spread over 24 months. Eight electric turbines be deployed at the project. The plant is expected to create more than 4,000 jobs in the area.
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