Overview
| . | 2005 | 2006 | 2007 (estimated) |
|---|---|---|---|
| Total Market Size | 835 | 950 | 1300 |
| Total Local Production | 200 | 250 | 275 |
| Total Exports | 40 | 50 | 55 |
| Total Imports | 690 | 820 | 900 |
| Imports from the U.S. | 200 | 320 | 320 |
(Exchange rate used: 1 USD = LE 5.75. Values are in
millions of U.S. Dollars. Figures listed are unofficial
estimates.)
The demand for electrical power generation in Egypt is increasing
by 10% annually and is expected to remain in the 6%-7% range over
the next 10 years. The Ministry of Electricity announced
that they have secured 90% of the financing for the upcoming
five-year power expansion plan (2007-2012) with a total
investment of $6.5 billion. This aggressive plan targets an
increase in domestic electricity production by another 8.38
gigawatts (GW).
Power generation projects are capital-intensive. To obtain financing, credit support in the form of government guarantee of payment is provided, in addition to a Central Bank commitment on foreign currency availability and if necessary, a partial risk guarantee from the World Bank.
Best Products/Services
- Turbine Generator Units with Associated Equipment
- Vibration Dampers
- Circuit Breakers For More Than 66kv
- Power Transmission Lines
- Power Transformers More Than 25MVA-66kva
Opportunities
The Ministry of Electricity has more than ten future power plant projects to be implemented up to year 2010. All projects are financed through soft loans. U.S. companies are welcome to bid on any of these projects. For more details regarding the above projects, U.S. firms can contact the Power Generation Engineering and Services Company (PGESCO) Tel: +20 (2) 417-5863, Fax: +20 (2) 417-5862.
Resource
Commercial Service in Egypt: http://www.buyusa.gov/egypt/en/
U.S. Embassy: http://usembassy.egnet.net
USAID: http://www.usaid-eg.org/
World Bank: http://www.worldbank.org/
Egyptian Government Web Portal: http://www.egypt.gov.eg/english/
Egytec Engineering Co.: http://www.egytec.com/
Ministry of Electricity and Energy: http://www.moee.gov.eg/
Egyptian Electricity Holding Company (EEHC): Email:
necc@link.net
Contact for the Commercial Specialist in charge of the Electricity and Power Generation Sector: Essam Tabarak, essam.tabarak@mail.doc.gov