The German company Siemens will conduct test runs on four electricity production units at the Beni Suef power station next week. The Upper Egypt Electricity Production Company's CEO, Ibrahim El Shahat, said that the German company will begin a second round of tests next week, testing four production units with a capacity of 1,600 MW. He told Daily News Egypt that the first tests were ran two weeks ago, as the company will rerun the tests to adjust the station and obtain best performance. The Beni Suef plant receives 12m cubic metres of gas per day for six production units with a total capacity of 2,400 MW. The Egyptian Electricity Holding Company signed contracts with Siemens last year to implement three combined-cycle power plants with a total capacity of 14,400 MW. The three power plants are Borollos, Beni Suef, and the New Administrative Capital. The Ministry of Electricity paid Siemens €2.1bn for the construction it carried out, and the supply of the turbines and equipment of the three aforementioned power plants. The total value of the contract stands at €6bn, and KfW Development Bank, Deutsche Bank, and HSBC are financing the projects with €4.1bn. Arab banks are also providing the project's financing in Egyptian pounds to pay the dues of the Egyptian companies working on the project, including El Sewedy and Orascom. The Ministry of Electricity has contracted with Siemens to establish the three projects through the EBC+Finance scheme. The company has decided to carry out the design, construction, and financing, while the Egyptian Electricity Holding Company will repay the loan over several years.
