Siemens gets $2 bln for Egypt plant
Egypt Mit dem GuD-Kraftwerk Nhon Trach 2 stellte Siemens erneut seine führende Position als Anbieter von Gasturbinen in Vietnam unter Beweis. With the Nhon Trach 2 combined cycle power plant, Siemens has once again affirmed its leading position on Vietnam's gas turbine market.
In June, the German company inked a deal with the Egyptian government to build the Beni Suef combined-cycle plant, along with two other gas-steam power plants.
Siemens described the order, worth €8 billion, as its largest ever.
The first plant is expected to begin operations in 2016 and reach full production by April 2018.
A Siemens spokesman said on Monday that a consortium of banks would provide financing for the plants. A total of $2 billion in funding has been secured in an initial two agreements.
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