Siemens signs 4b euro power deal with Egypt

German conglomerate Siemens has signed a "four billion euro" power deal with Egypt, a company spokesperson 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 added in a statement.

Other projects would include building a factory in Egypt "to manufacture rotor blades for wind turbines".

Under two further memorandums of understanding (MoU), Siemens will also propose to build additional "combined cycle power plants with a capacity of up to 6.6 gigawatts and ten substations for reliable power supply", the statement added.

The spokesperson told AFP the projects covered by the MoU would be worth a further six billion euros.