German conglomerate Siemens has reached "firm agreements" for power sector projects with Egypt worth several billion euros, the German government and the company said on Saturday.
Under a number of accords agreed between the parties, Siemens will build a "4.4 gigawatt combined cycle power plant and install wind power capacity of 2 gigawatt", the company said in a statement. Other projects would include building a factory in Egypt "to manufacture rotor blades for wind turbines".
Although the company did not give an exact figure, the German economics ministry referred to contracts worth "billions of euros".
