General Electric (GE) is prepared to work with the Egyptian government on “bringing emergency and immediate power to the country”, US Secretary of State John Kerry said Sunday after meeting with Egyptian counterpart Sameh Shoukry.
Kerry said he believes that both the American and Egyptian government can work together and cooperate on power-related projects.
“And I talked just yesterday with the CEO of the company (GE), who is prepared to work with this government in order to try to help make this kind of a difference,” Kerry said.
“I reiterated to Foreign Minister Shoukry our strong support for Egypt as it undertakes significant reforms and works towards economic transformation for all Egyptians,” he added.
GE has been operating in Egypt for over 40 years, with the company’s gas turbines producing 9.5 GW of electricity, equivalent to 30% of the country’s total installed capacity.
By 2015, the company plans to complete the installation of eight additional gas turbines as part of its expansion plan. The turbines will contribute an additional 3,000 MW to the national electricity grid, around 10% of the energy provided by the grid.
In September, GE was awarded a sales contract for an initial duration of two years to supply 200 overland pumps for a system known as the ‘Christmas Tree’ to Badr El-Din Petroleum Company (BAPTECO).
GE’s total revenues from the MENA and Turkey region reached $10bn in 2013.
Source: The Daily News Egypt