General Electric to power 2.5 million homes in EgyptStaff writer ▼ | March 14, 2015
General Electric signed major contracts with the government of Egypt to deliver 2.683 gigawatts (GW) of electricity, which is equivalent to the energy needed to power more than 2.5 million homes.
Deal 2.68-GW electricity delivery agreement
"We are building on our 40 years of supporting Egypt and proud to be bringing 2.6 GW of critical, multi-modal power in support of the Egyptian Power Boost Program," said Steve Bolze, president & CEO of GE Power & Water.
"From signing to service in five months, this project demonstrates our capabilities and confidence in delivering on projects of this size and at this speed, as we did in Algeria and other parts of the region. We are making great progress in Egypt on the build out, and it will be one of the fastest project executions of this scale in our history."
In December 2014, within hours of signing contracts with the government of Egypt, GE dispatched its advanced gas turbine technology to construction sites across Egypt. Currently, GE's advanced gas turbines help generate more than 9.5 GW of electricity in Egypt, nearly 30 percent of the country's total installed capacity.
According to the Oxford Business Group, Egypt's power generating capacity must be scaled up to 50 GW by 2025, nearly double the capacity today, with demand growing at an annual 10 to 12 percent. ■