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Add to Preferred SourcesThe U.S. Trade and Development Agency awarded a grant to Benchmark Power International SAE (BPI), an Egyptian independent power developer, supporting the development of a combined cycle gas turbine power plant at Tawerat, Egypt.
USTDA’s grant funds a feasibility study evaluating the viability of a 2,300-megawatt plant with two 1,150 MW blocks utilizing highly efficient General Electric H-frame gas turbines.
This project supports the government of Egypt’s goals to increase private sector investment in the power and electricity sector and increase the role of independent power producers to meet rising domestic energy demand. With Egypt’s electricity consumption rising 5.6% annually over the past ten years, this project will help the country to meet growing electricity demand while utilizing Egypt’s abundant natural gas resources. This more than $1.25 billion project also represents a significant opportunity for U.S. providers of goods, services and technologies to participate in its implementation.
“USTDA is pleased to support Egypt’s energy infrastructure development goals,” said Director, Congressional and Public Affairs, Thomas R. Hardy. “At the same time this project will create market access for U.S. companies looking to work in Egypt.”
“Power is foundational in changing people’s lives and the development of this project will act as a catalyst for attracting foreign investment, creating employment opportunities and raising living standards in Upper Egypt,” said Ghassan Barghout, President and CEO of GE’s Gas Power Systems Sales business in the Middle East and North Africa.
Benchmark Power International (BPI), the Grantee is a leading project development and investment platform company, with a particular focus on large-scale utility projects. The company’s diversified portfolio includes thermal and renewable electric power generation, seawater desalination, and ammonia / urea production projects in Egypt and in North and Sub-Saharan Africa.
Original source: USTDA
Published on 24 September 2018