Petroleum, Electricity ministries to establish joint company with Siemens

CAIRO – 20 April 2017: State-owned Egyptian Maintenance co. and the Egyptian Electricity Holding co, agreed with German Giant Siemens to establish a joint company for maintaining and fixing the portable apparatus affiliated to Petroleum and Electricity’s ministries, the Petroleum Ministry said Wednesday.

The Petroleum Ministry is in discussions with Siemens to benefit from the German company’s experience in qualifying the ministry’s operating equipment and generators in its different work sites, the statement said.

The statement was released following a meeting held in Cairo between Petroleum Minister, Tarek El-Molla with Siemens’ Country Chairman and General Manager, Emad Ghaly and its Vice President for Oil and Gas sales in Europe, Russia and Africa, Brian Todd.

During the meeting, Siemens offered its experience to modernize the old alternators existent in the oil fields for the purpose of raising its capacity. It was also discussed the establishment of a specialized center in Suez (146 km from Cairo) for maintaining and fixing the portable apparatus affiliated to ministries of Petroleum and Electricity.

In June 2015, Siemens signed a series of contracts with the Egyptian government to build the world’s largest-ever gas-fired combined cycle power plants, in addition to 12 wind parks with some 600 turbines, increasing Egypt’s electricity generation capacity by 45 percent and adding 16.4 gigawatt to the national grid.