Sharm El-Sheikh – Mubasher: Egypt’s electricity ministry signed four MoUs with global energy firm Siemens for energy projects worth $10 billion.

The signing came on the sidelines of the three-day Egypt Economic Development Conference (EEDC) that was inaugurated Friday in the Red Sea resort of Sharm El-Sheikh.

Under the first MoU, a combined power plant will be established in Beni Suef with capacity of 11.004 megawatts. Meanwhile, the second memorandum includes establishing five combined power plants in Noubarya in Beheira governorate, Sidi Kirir in Alexandria, Southern Cairo, Qena and Kafr El-Dawwar with total capacity of 6,600 megawatts.

According to the third MoU, a large factory will be established to produce manufacturing tools for the wind plants. Under the fourth memorandum, a power transformer station will be established.