Mitsubishi Power signs upgrade and reliability agreement extension for Egyptian power plants

The signing ceremony took place at the St Regis Almasa Hotel in Egypt's New Administrative Capital. (Image source: Mitsubishi Power)

Mitsubishi Power, a power solution brand of Mitsubishi Heavy Industries, has signed a contract agreement with the Egyptian Ministry of Electricity and Renewable Energy, to upgrade the Sidi Krir and El-Atf power plants

This JICA-financed agreement follows the successful ongoing execution of a long-term service agreement signed in May 2021 for six M701F Gas Turbines at Cairo North, Sidi Krir and El-Atf power plants. This extended the power plants' lifespan, improved power supply stability, reduced maintenance downtime and costs, and positively contribute to recovering performance, resulting in fuel savings and lessening the effects of climate change. 

Mohamed Shaker, Egyptian Minister of Electricity and Renewable Energy, remarked, “Egypt and Japan celebrate strong bilateral relations across multiple sectors. Our longstanding partnerships have not only strengthened bonds of friendship and alliance, but have propelled growth, particularly in the power and critical infrastructure sectors; thus, contributing to the socio-economic development of our nation. Our partnership with Mitsubishi Power enables us to harness the power of innovation, technology, and expertise of our Japanese partners to enhance power generation and efficiency to ensure energy security and availability to power Egypt's growing demand for electricity.”

Javier Cavada, president and CEO of Europe, Middle East and Africa at Mitsubishi Power, added, “We are proud to be here today with our Egyptian partners to celebrate the success and continuation of our collaboration to support the critical power sector in Egypt, which is a pillar of the country's economic development. This latest agreement harnesses Mitsubishi Power's heritage in Egypt, built on delivering our industry-leading, reliable technology and service excellence and ensure the availability of power for the people of Egypt.

“We are committed to continue supporting the growth and advancement of Egypt's energy sector, as it pursues its ambitious energy transition and fulfil its vision to build a hydrogen ecosystem and regional decarbonisation hub, with our cutting-edge and comprehensive carbon neutral technologies.”

Kato Ken, JICA chief representative Egypt office, said, “Relations between JICA and the Government of Egypt have strengthened in recent years, and we have made significant progress towards expanding cooperation on sustainable development and climate change, particularly in the field of energy. In pursuit of the Paris Agreement and towards the fulfilment of Egypt's Climate Strategy and Nationally determined contributions, this latest project with Mitsubishi Power adds to the successful projects JICA has had with the Government of Egypt, reflecting Japan's continued support for this crucial sector, and the sustainability and reliability of Japanese technology.”