{"id":612503,"date":"2023-12-24T00:00:00","date_gmt":"2023-12-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/24\/siemens-energy-to-rehabilitate-aswans-hydro-plants-plus-news-from-the-madbouly-government-gig-egypt-delta-steel\/"},"modified":"2023-12-24T00:00:00","modified_gmt":"2023-12-24T00:00:00","slug":"siemens-energy-to-rehabilitate-aswans-hydro-plants-plus-news-from-the-madbouly-government-gig-egypt-delta-steel","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/24\/siemens-energy-to-rehabilitate-aswans-hydro-plants-plus-news-from-the-madbouly-government-gig-egypt-delta-steel\/","title":{"rendered":"Siemens Energy to rehabilitate Aswan\u2019s hydro plants. PLUS: News from the Madbouly government, Gig-Egypt, Delta Steel"},"content":{"rendered":"

ASWAN HIGH DAM <\/strong>, HYDRO PLANTS GETTING AN UPGRADE: <\/strong>German firm Siemens Energy will rehabilitate three hydropower plants at the Aswan Hydropower Company \u2014 the High Dam, Aswan I and Aswan II, under an EGP 1.77 bn contract<\/a>. Siemens Energy will upgrade the power transformers at the plants to extend their lifespan to no less than 40-50 years and add some 300-MW to Egypt\u2019s grid. (Press<\/a>release, pdf<\/a>).<\/p>\n

MINE<\/strong>RALS FROM SALT WATER: <\/strong>A Chinese company has submitted a proposal to the Madbouly government to extract minerals from desalination plants\u2019 wastewater, which could raise some USD 120 mn annually if exported. (Cabinet statement<\/a>)<\/p>\n

BIG INVESTMENT IN UNIVERSITIES: <\/strong>The Madbouly government has set a target of increasing the number of universities in Egypt to 132 by 2030 from the current 92. The expansion will come with a EGP 250 bn price tag, EGP 150 bn of which could come from private sector investments. (Statement<\/a>) <\/p>\n

The government wants private education to make up at least 40% of the country\u2019s market for education services<\/strong>, from its current 25%. <\/p>\n

FAISAL<\/strong> BANK WANTS MORE OF GIG-EGYPT:<\/strong> Faisal Islamic Bank is reportedly in talks with the National Bank of Egypt and Banque Misr to purchase their combined 16% stake in ins. firm Gig-Egypt<\/a> for EGP 100 mn. The transaction would up Faisal Islamic Bank\u2019s stake in the insurer to 25.2% from 9.2%. (Al Shorouk<\/a>)<\/p>\n

CHINESE INTEREST IN DELTA STEEL? <\/strong>A Chinese investor reportedly wants a 30% stake in state-owned Delta Steel, in an agreement that would see the unnamed suitor cough up some EGP 200-300 mn. The government is reportedly looking to sell up to 40% of the company and a number of local players are interested<\/a>. (Al Borsa<\/a>)<\/p>\n

CATALYST CAPITAL TO INVEST IN PHARMA COMPANY:<\/strong> Impact investment fund Catalyst Capital plans to acquire a minority stake in a local pharma company in mid-January for up to EGP 120 mn. (Al Borsa<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"

ASWAN HIGH DAM , HYDRO PLANTS GETTING AN UPGRADE: German firm Siemens Energy will rehabilitate three hydropower plants at the Aswan Hydropower Company \u2014 the High Dam, Aswan I and Aswan II, under an EGP 1.77 bn contract. Siemens Energy will upgrade the power transformers at the plants to extend their lifespan to no less […]<\/p>\n","protected":false},"author":1,"featured_media":612504,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,3841,466,596,73,72,3646,2235,804],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-612503","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-aswan-high-dam","tag-catalyst-partners","tag-delta-steel","tag-education","tag-enterpriseam","tag-faisal-islamic-bank","tag-gig-egypt","tag-siemens-energy","wpautop","entry"],"acf":{"mongo_id":"f6f7b813-0ab0-422d-b856-7aece0032157","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/12\/1519.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Siemens Energy to rehabilitate Aswan\u2019s hydro plants. 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The two sides are looking into how many plants to build and the total cost of the project. Al Nowais hopes to reach an agreement\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":666257,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/01\/belarusian-tractors-made-in-egypt-plus-aswan-high-dam-upgrade-giza-systems-to-open-global-delivery-center\/","url_meta":{"origin":612503,"position":1},"title":"Belarusian tractors made in Egypt. PLUS: Aswan High Dam upgrade, Giza Systems to open global delivery center","author":"enterpriseam admin","date":"1 June 2025","format":false,"excerpt":"Under the plan, Belarus\u2019 state-owned agricultural machinery manufacturer MTZ would partner with an unnamed Egyptian private-sector firm","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/14.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":630357,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/how-the-aswan-dam-damaged-the-environment-despite-generating-renewable-energy\/","url_meta":{"origin":612503,"position":2},"title":"How the Aswan Dam damaged the environment despite generating renewable energy","author":"enterpriseam admin","date":"18 April 2018","format":false,"excerpt":"Egypt\u2019s Aswan Dam is one example of just how much these types of structures can damage the environment. Although it keeps the Nile flood in check and produces renewable energy, the High Dam in Aswan has actually aided in the erosion of agricultural land and decline of land fertility in\u2026","rel":"","context":"In "Image of the Day"","block_context":{"text":"Image of the Day","link":"https:\/\/enterpriseam.com\/egypt\/category\/image-of-the-day\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/4\/1113.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":599153,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/19\/pm-discusses-operating-siemens-power-plants-offer-with-edra-official\/","url_meta":{"origin":612503,"position":3},"title":"PM discusses operating Siemens power plants offer with Edra official","author":"enterpriseam admin","date":"19 June 2019","format":false,"excerpt":"Prime Minister Moustafa Madbouly discussed Malaysia\u2019s Edra Power Holdings\u2019 offer to take over one of Siemens\u2019 newly built power plants with the company\u2019s President and Executive Director Datuk Wira Mark Ling, the cabinet said in a statement. Madbouly said Egypt welcomes reaching an agreement that would serve its interests and\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":652903,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/22\/electricity-ministry-meets-with-edf-energy-to-discuss-cooperating-on-siemens-power-plants-management\/","url_meta":{"origin":612503,"position":4},"title":"Electricity Ministry meets with EDF Energy to discuss cooperating on Siemens power plants management","author":"enterpriseam admin","date":"22 January 2017","format":false,"excerpt":"Officials from the Egyptian Electricity Holding Company are meeting with a delegation from EDF Energy to discuss cooperating on managing the Siemens power plants, unnamed sources told Al Borsa. The Electricity Ministry had earlier issued a tender to receive the completed power plants from Siemens and assist the ministry in\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":629167,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/23\/siemens-doosan-front-runners-to-manage-siemens-power-plants\/","url_meta":{"origin":612503,"position":5},"title":"Siemens, Doosan front runners to manage Siemens power plants","author":"enterpriseam admin","date":"23 May 2018","format":false,"excerpt":"The Egyptian Electricity Holding Company (EEHC) has narrowed the contenders for the day-to-day management and maintenance of the three Siemens combined-cycle power plants down to Siemens and Korea\u2019s Doosan, an EEHC source said. The EEHC expects to make a final decision in two weeks and sign the contracts within one\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/612503","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=612503"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/612503\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/612483"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/612504"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=612503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=612503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=612503"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=612503"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=612503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}