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Egyptian Prime Minister Mehleb meets GE Chairman Immelt

: Wednesday, August 06 - 2014 @ 10:50

Egyptian Prime Minister Ibrahim Mehleb held discussions with Jeffrey Immelt, GE’s Chairman & CEO, on the sidelines of US-Africa Leaders Summit organized by The White House in Washington D.C.

Immelt underlined GE’s commitment to support Egypt in meeting its pressing developmental needs, with a particular focus on strengthening the energy, power, water, healthcare, aviation and transportation sectors – the key drivers of the Egyptian economy. He provided an overview of GE’s operations in Egypt, where the company has a presence for over 40 years and has over 400 employees.

“The Egyptian government is outlining a series of long-term initiatives that are aimed at strengthening the country’s economic competitiveness. With the economy projected to grow 2 to 2.5 per cent this year, Egypt offers tremendous potential for driving our partnerships, which will contribute to meeting the requirements of the Egyptian people.

“We are committed to the country and will explore opportunities for new infrastructure investment in the country, while supporting a culture of localized innovation, creating new jobs for Egyptian youth and enabling human capital development,” said Immelt.

Today, GE provides advanced power generation technology and services including maintenance and operations, parts and repair services, and contractual services agreements. More than 86 advanced GE gas turbines support the generation of nearly 30 per cent of the country’s total installed power capacity. With electricity consumption in the country growing at an average of 7 per cent annually, GE is supporting the expansion of key power plants in the country.

GE recently delivered six advanced 9FA-technology gas turbines and services to support the expansion of the Giza North and Banha power plants, whereby two more gas turbines will be installed at Giza North in 2015. The expansions will add a total of 3,000 MW to the country’s power grid. GE’s advanced technologies also enhance the operational efficiency of the Cairo North, Kuraymat and Demietta power plants.

In another key partnership, GE has signed an agreement to support Carbon Holdings in Egypt on a US$5 billion naphtha cracker plant in Ain Sokhna. Featuring a power, water desalination and water treatment plant, the complex will employ efficient combined cycle technology to generate 300 MW of power. The water desalination plant, working on reverse osmosis filtration technology, has a generation capacity of 3,800 cubic meters per hour.

GE will deliver an integrated solutions package featuring technologies and equity to the Carbon Holding project, one of the world’s largest petrochemical undertakings, as part of a US$500 million agreement. This is part of the US$2 billion investment announced by GE in facility development, skills training and sustainability initiatives across Africa by 2018.

In the energy sector, GE Oil & Gas partners with Egyptian Liquefied Natural Gas (ELNG), one of the world’s largest producers of liquefied national gas (LNG). Established with the Egyptian Natural Gas Company, GE’s Pipeline Integrity Management Center of Excellence (PIMCOE) is focused on delivering proactive and cost effective services to Egypt’s national gas grid and other customers in the petroleum sector.

In the healthcare sector, GE has joined hands with the Egyptian Ministry of Health on the first-of-its-kind tele-radiology project, connecting six remote hospitals to a central image repository in Cairo. GE Healthcare also supported the Egyptian National Breast Cancer Screening Program with GE’s digital mammography mobile systems – the first of its kind program in the country.

GE Aviation works closely with EgyptAir with more than 100 GE engines powering 60 per cent of the airline’s fleet, while GE Transportation and the Egyptian National Railways have commissioned the 80th and final Evolution Series locomotive, the most advanced diesel electric, heavy haul freight locomotive. A total of 111 GE locomotives help move people and goods across Egypt every day.

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Wednesday, August 6- 2014 @ 10:50 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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