Egyptian President Abdel Fatah al-Sisi said that the projects in electricity sector will meet Egypt’s need for 10-15 years.
Sisi affirmed in his speech during the inauguration of the national megaprojects in the electricity sector that the economic reforms will reach 100 percent, clarifying that work is going on at the highest levels. He added that one sector has been restructured and prepared, noting that to reach the developed countries’ level, the sector needs $100 billion.
The president pointed out that the cost of Dabaa station reached one trillion pounds.
Dabaa station is the first nuclear plant in Egypt that will be built by Russia within seven years in Matrouh governorate, northwest of Cairo, with a capacity of 4,800 megawatts. He also stated that the cost of gas pipelines that feed electricity projects reached 4 billion pounds.
Sisi praised Siemens’ role in helping Egypt to support its electricity grid through raising the operating efficiency to work at temperatures higher than those in natural conditions, given the high temperatures in Egypt. President Sisi also stated that Siemens helped in the cost of the projects, referring that Egypt’s demands were unprecedented in global contracts.
Furthermore, Sisi ordered the Egyptians to take things seriously and shoulder the responsibility.
The inauguration of the electricity stations witnessed the presence of Prime Minister Mostafa Madbouly, former Prime Minister Sherif Ismail, Head of the Administrative Control Authority Mohamed Arfan, Minister of Electricity Mohamed Shaker and Governor of the Central Bank of Egypt (CBE) Tarek Amer.
President Sisi arrived earlier on Tuesday to the New Administrative Capital to inaugurate four national megaprojects in the electricity sector.
The projects include three giant power plants carried out by the German company, Siemens,in the New Administrative Capital, Beni Suef, and Burullus with a total capacity of 14400 megawatts, or about 50 percent of the electricity grid, in addition to the world’s biggest Gabal al-Zeit wind station.
Source: Egypt Today
