By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
DailynewsegyptDailynewsegypt
  • Home
  • Business
    BusinessShow More
    Lebanese race to gold amid local, global economic uncertainty
    Lebanese race to gold amid local, global economic uncertaintygoldLebanese race to gold amid local, global economic uncertainty
    May 27, 2023
    Iranian president warns of Western bids to cause division among OPEC members
    Iranian president warns of Western bids to cause division among OPEC members
    May 27, 2023
    CBE cooperates with international institutions to digitize supply chains: Assistant sub-governor
    CBE cooperates with international institutions to digitize supply chains: Assistant sub-governor
    May 27, 2023
    Egypt has integrated, full-disclosure programme to attract private sector investment: CBE governor
    Egypt has integrated, full-disclosure programme to attract private sector investment: CBE governor
    May 27, 2023
    EFG Hermes Holding rebrands to EFG Holding
    EFG Hermes Holding rebrands to EFG Holding
    May 27, 2023
  • Politics
    PoliticsShow More
    Armed clashes occur between Iranian, Afghan border guards
    Armed clashes occur between Iranian, Afghan border guards
    May 27, 2023
    UN warns Yemen's food insecurity remains serious threat
    UN warns Yemen’s food insecurity remains serious threat
    May 27, 2023
    Uganda dispatches team to investigate deadly attack on its peacekeepers in Somalia
    Uganda dispatches team to investigate deadly attack on its peacekeepers in Somalia
    May 27, 2023
    Africa Day Egypt celebrates 60th anniversary African unity
    Africa Day: Egypt celebrates 60th anniversary of African unity
    May 25, 2023
    Opinion| Behind the scenes of the US-China conflict over Taiwan’s chips
    Opinion| Behind the scenes of the US-China conflict over Taiwan’s chips
    May 25, 2023
  • Interviews
    InterviewsShow More
    I changed my artistic path to create ‘state of wonder’: Tarek Lotfi
    I changed my artistic path to create ‘state of wonder’: Tarek Lotfi
    May 25, 2023
    I adore Ramadan drama, ‘Telt Al-Talata’ series achieved great success: Ghada Abdel Razek
    I adore Ramadan drama, ‘Telt Al-Talata’ series achieved great success: Ghada Abdel Razek
    May 8, 2023
    We aim to establish Egypt as nearshore centre for Software AG for MET region: Rami Kichli
    We aim to establish Egypt as nearshore centre for Software AG for MET region: Rami Kichli
    April 29, 2023
    Egypt-Spain relations witness remarkable development in recent years: Spanish ambassador in Cairo
    Egypt-Spain relations witness remarkable development in recent years: Spanish ambassador in Cairo
    April 18, 2023
    "Al-Asly" series saw my first leading role in TV drama: Reham Abdel Ghafour
    “Al-Asly” series saw my first leading role in TV drama: Reham Abdel Ghafour
    April 16, 2023
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Reading: Orascom Construction, Siemens to rebuild 1.6GW power plants in Iraq
Share
Notification
Latest News
Lebanese race to gold amid local, global economic uncertainty
Lebanese race to gold amid local, global economic uncertaintygoldLebanese race to gold amid local, global economic uncertainty
Business
Armed clashes occur between Iranian, Afghan border guards
Armed clashes occur between Iranian, Afghan border guards
Politics Region
Iranian president warns of Western bids to cause division among OPEC members
Iranian president warns of Western bids to cause division among OPEC members
Business
UN warns Yemen's food insecurity remains serious threat
UN warns Yemen’s food insecurity remains serious threat
Politics Region
Uganda dispatches team to investigate deadly attack on its peacekeepers in Somalia
Uganda dispatches team to investigate deadly attack on its peacekeepers in Somalia
Politics Region
Aa
Aa
DailynewsegyptDailynewsegypt
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 DNE News. All Rights Reserved.
Dailynewsegypt > Blog > Business > Orascom Construction, Siemens to rebuild 1.6GW power plants in Iraq
Business

Orascom Construction, Siemens to rebuild 1.6GW power plants in Iraq

Daily News Egypt
Last updated: 2019/09/16 at 6:12 PM
By Daily News Egypt 2 Min Read
Share
Siemens bringt 10 Prozent mehr Strom ans Netz als vertraglich vereinbart. Zusammen mit seinen ägyptischen Partnern errichtet Siemens drei schlüsselfertige erdgasbefeuerte GuD-Kraftwerke mit einer Leistung von je 4,8 Gigawatt und einer Gesamtleistung von 14,4 Gigawatt. Siemens connects 10 percent more power to the grid than contractually agreed upon. Together with its local Egyptian partners, Siemens is erecting three gas-fired combined cycle power plants, each with a capacity of 4.8 gigawatts, for a total combined capacity of 14.4 gigawatts.
SHARE

Orascom Construction PLC, announced that its consortium with Siemens signed an agreement with Iraq’s Ministry of Electricity to rebuild the Baiji 1 and Baiji 2 power plants in northern Iraq. The power plants will have a combined generation capacity of 1.6GW.

Work at Baiji, which is about 250 km north of Baghdad, will begin once the contracts are approved by Iraq’s Council of Ministers and a financial agreement is reached with the ministry of finance. The projects, which will be executed on an engineering, procurement, construction plus finance (EPC + Finance) basis, are expected to be completed within 28 months after the financial close.

Orascom Construction was previously the EPC contractor on the Baiji 2 power plant. Both Baiji 1 and Baiji 2 power plants were severely damaged, and recovering the lost capacity from the plants will help Iraq power its biggest oil refinery located in the city, a concrete plant, and will provide electricity to thousands of homes in the Salahuddin governorate and other areas.

Noteworthy, Orascom Construction added 12GW of power capacity as an EPC contractor to Egypt’s national grid in the past four years.

The CEO of Orascom Construction, Osama Bishai, commented, “We are pleased to return to Baiji, where we constructed one of the original power plants, and to work on an important project that will help rebuild Iraq’s power sector and economy. This award is a testament to our ability to capitalise on our strong expertise as an EPC contractor in the power sector along with our ability to raise attractive financing packages on behalf of our clients. Our partnership with Siemens is a continuation of a successful relationship following the remarkable achievements on the mega power projects in Egypt.”

You Might Also Like

Lebanese race to gold amid local, global economic uncertaintygoldLebanese race to gold amid local, global economic uncertainty

Iranian president warns of Western bids to cause division among OPEC members

CBE cooperates with international institutions to digitize supply chains: Assistant sub-governor

Egypt has integrated, full-disclosure programme to attract private sector investment: CBE governor

EFG Hermes Holding rebrands to EFG Holding

TAGGED: Iraq, orascom construction, power plants, Siemens
Share this Article
Facebook Twitter Email Print
Previous Article UNWTO suggests establishing tourism Committee under African Union, to discuss tourism issues in Africa
Next Article Outstanding balances of T-Bills, Bonds rise to EGP 2.028tn end-August
Ad image
Ad image

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Latest News

Lebanese race to gold amid local, global economic uncertainty
Lebanese race to gold amid local, global economic uncertaintygoldLebanese race to gold amid local, global economic uncertainty
Business
Armed clashes occur between Iranian, Afghan border guards
Armed clashes occur between Iranian, Afghan border guards
Politics Region
Iranian president warns of Western bids to cause division among OPEC members
Iranian president warns of Western bids to cause division among OPEC members
Business
UN warns Yemen's food insecurity remains serious threat
UN warns Yemen’s food insecurity remains serious threat
Politics Region
//
Egypt’s only independent daily newspaper in English. Discuss the country’s latest with the paper’s reporters, editors, and other readers.

Quick Link

  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

© 2023 DNE News. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?