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GE attains financial closure for Egyptian substations contract [free access]

September 12, 2017

General Electric (GE) has secured financial closure for a USD250 million substation contract awarded by Egyptian Electricity Transmission Company (EETC).

 

Under the contract, signed in July 2016, GE will build four substations — Al Mostasmerin in New Cairo, Tami El Amdid in Dakahlia Governorate, in Beni Suef Governorate, and the fourth in East Ismailia Governorate. While the Al Mostasmerin substation has already been completed and was connected to the grid in July 2017, the remaining substations are expected to be completed by the end of 2018.

 

Essentially, GE will provide advanced grid solution technologies for these substations. The gas-insulated switchgear (GIS) stations will help connect 7 GW of power to the national grid, which is equivalent to electricity needs of more than 6.5 million Egyptian homes.

 

The project is financed by Deutsche Bank AG and HSBC France As part of the contract, GE will supply a digital data protection system, network management system and telecommunication technologies, which will help connect the substations to the National Energy Control Centre (NECC) and improve the network’s stability. The installation of GE’s GIS will offer several solutions for Egypt’s grid, including smarter networks, condition-based maintenance, and greater load control to prevent outages. The project will be executed in consortium with Rowad Modern Engineering, a leading Egyptian contractor, which will undertake construction of the substations.