Power plants built by Germany’s Siemens in Egypt are expected to enter into operation in December this year and will attain the full capacity of 14,400 megawatts in May 2018, according to Egypt’s cabinet. In June 2015, Egypt inked a EUR 8 billion agreement with Siemens for the development of three combined-cycle power plants with a capacity of 4,800 megawatts each, in addition to 12 wind farms to spur Egypt's power generation capacity by more than 50 percent.
Egypt has been facing its worst energy crisis for years, with power outages hiking as its ageing state-run infrastructure struggles to keep up with growing demand. The first gas-fired combined cycle power plant, called Beni Suef, will be funded by a group of banks.
