GE Signs Contract worth $250 Million with Egyptian Electricity Transmission Company
FREMONT, CA: The recent French Presidential visit to Egypt witnessed signing of a number of agreements between the two countries to boost Egypt’s economic, industrial and infrastructural development. Under the Protocol of Cooperation signed, GE has struck a contract worth approximately $250 million with the Egyptian Electricity Transmission Company (EETC), through which the former will provide advanced grid solutions technologies to four Egyptian substations (Mostathmereen, Beni Suef Industrial, Ismailia East and Temay Alemdeed). Proposed to connect 7 gigawatts (GW) of power to the national grid, an equivalent to the electricity needs of more than 6.5 million Egyptian homes, this comes as an important step taken towards reinforcing Egypt’s power network. Presently GE helps power more than 14 million homes in the country.
“Egypt’s generation capacity has significantly increased over the last two years, additionally we’re moving towards a more diversified energy mix which drives us to find ways to boost the efficiency and stability of Egypt’s national grid. Through GE’s advanced technological solutions, we will be able to better manage and transmit power nationwide”, extols H.E. Dr. Mohamed Shaker, Egypt’s Minister of Electricity and Renewable Energy.
Executed in collaboration with Rowad Modern Engineering, a leading Egyptian contractor, approximately 50 percent of the total project scope would be French collaboration including the (Gas-Insulated Substations) GIS technologies, manufactured and assembled in France. Work at Mostathmereen substation, under the first phase is planned to be completed within six months, while the end of 2017 is targeted to bring the remaining three substations under the national power grid. As part of the contract, GE will also supply a digital data protection system, network management system and telecommunication technologies, which will help connect the substations to the National Energy Control Center and improve the network’s stability. The installation of GE’s GIS will offer several solutions for Egypt’s grid including smarter networks, condition-based maintenance and greater load control to prevent outages.