U.S.-based conglomerate corporation General Electric (GE) is set to upgrade Egypt’s Damietta and Asyut power plants, boost production rates, and increase their capacities form 1.5GW to 2.25GW.
President and CEO of GE North Africa, covering Egypt, Libya and South Sudan, Ayman Khattab stated Saturday that GE is set to complete upgrading the two plants at the beginning of summer 2016.
The increase in plants’ capacities would participate in filling the gap between consumption and annual growing consumption, the official added.
During a press conference, Khattab noted that boosting the capacity is set to depend on using the same amounts of the currently-consumed fuel besides doubling production volume during operation process.
The president clarified that GE is currently studying negotiating with Egyptian electricity ministry to seize a number of projects to start executing them within the upcoming period.
Khattab pointed out that the Egyptian market is currently attractive to investments in energy and power generating fields.