German conglomerate company, Siemens is ready to commence the commercial operation of 12 production units in Borollos, Beni Suef and the New Administrative Capital power plants next week to output 4,800MW, Daily News Egypt reported.
According to media, sources at the Ministry of Electricity noted that six of the units, which form part of the pilot project in the Beni Suef plant, totalling 2,400MW, are situated next to six units in the New Administrative Capital and Borollos with output amounting to 2,400MW will commence.
Commercial operation achieved ahead of schedule
Sources told Daily News Egypt that the agreement with the Egyptian Electricity Holding Company (EEHC) stipulates completing the commercial operation for 12 units on 31 May, but Siemens official said they completed the works sooner than the agreed date.
Daily News Egypt reported: "Upper Egypt Electricity Holding Company formed a technical committee that will run the Siemens plants. This committee also includes heads of production companies in Upper Egypt, Cairo, and the Central Delta, as well as members from all sides to save the money requested by Siemens.
"The ministry is set to repay the financing later, according to the contracts with the financing banks, which grant a grace period of up to three years." Read more...
Ibrahim Al-Shahat, head of the Upper Egypt Electricity Production Company, said that five production units in Beni Suef power plants have entered commercial operation and will link the output to the national grid, Daily News Egypt reported.
The Egyptian Electric Utility & Consumer Protection Regulatory Agency will manage the capacities to run at full capacity or at part of it.
Al-Shahat added that all bills submitted by Siemens to officials of the EEHC have been approved, noting that the ministry will not delay repayment of dues so that the company can complete constructions of the three plants to finish within the timetable.
According to media, the sources said that the invoices submitted by Siemens will be approved with a total value of $111 million by the end of the month. Read more...
Featured image: 123rf