Siemens signed project-specific compliance agreements with two of its local partners in Egypt, Elsewedy Electric and Orascom Construction SAE (OC), according to a joint press statement on Sunday.
Siemens stated that the agreements would establish comprehensive integrity and clean business standards for work on energy infrastructure projects in Egypt. The agreements will provide a general compliance framework to be referenced during project implementation.
The two companies are working with Siemens to construct three efficient combined-cycle power plants in Egyptian cities: Burullus, New Capital and Beni Suef.
Siemens will also build up to 12 wind farms in Egypt, comprising approximately 600 wind turbines, and in total, the projects will add a production capacity of 16.4 GW to the national grid.
CEO of Siemens Middle East and UAE Dietmar Siersdorfer said that Siemens is a long-term partner to Egypt and that only clean business can drive sustainable development.
Siersdorfer added that these agreements provide a clear statement that Siemens and its partners stand together for clean business in Egypt.