Cairo, Egypt; May 15, 2019: Building on more than 40 years of partnership throughout Egypt, GE’s Grid Solutions business (GE: NYSE) was awarded a contract by Engineering for the Petroleum and Process Industries (Enppi) to execute the Assiut Oil Refinery Company’s (ASORC) Gas Insulated Substation (GIS) project, set to provide electrical power to the newly established Naphtha Complex and the existing ASORC refinery in Assiut.
The $25-million deal will see GE serve as the main contractor, on behalf of Enppi, and provide the associated utilities and offsite to build the new insulated substation, which will initially feed ASORC’s new Naphtha Complex with a feed capacity of 660,000 tons/year, providing high octane and different grades of gasoline to Upper Egypt.
Eng. Alaa Hegazy, Chairman and CEO of Enppi, commented: “We are proud to have GE’s Grid Solutions as our partner for this exciting project. Through this new complex launched by ASORC, we intend to increase the production of gasoline to satisfy the increasing local market demand. At Enppi, we always intensify our efforts to strengthen our cooperation with strategic partners like GE to further enhance our delivery and maintain our clients’ trust.”
The contract was signed between Enppi and GE Grid Solutions in December 2018, with the project set to be executed in 12 months. This new complex by ASORC, which comes as part of the government’s program to upgrade refining capacity and efficiency in the Upper Egypt area, will convert 2.5 million tons/year of heavy fuel oil into high-quality petroleum products such as naphtha, gasoline, LPG and diesel. The new 3x75MVA, 220/11/6.6 kV substation will play a central role in support local demand in Upper Egypt.
Mahmoud Hassan Al Shaboury, Chairman of ASORC, said: “The key to achieving excellence in any project consists of choosing the right business partners. With the expertise of Enppi and GE’s Grid Solutions, we’re confident that this huge project will greatly benefit Upper Egypt, provide petroleum products and reduce imports. This strategic venture will contribute to the implementation of Egypt's plan to develop Upper Egypt and support the government efforts to meet local market demands.”
Mohammed Mohaisen, President and CEO of GE’s Grid Solutions, Middle East, North Africa and Turkey, said: “It is a significant source of pride that our partnership in Egypt is so holistic in nature. Through our work with Enppi, we are able to provide tangible and impactful value to Upper Egypt, contributing to a growth vision that is coming to fruition. Our goal, and the goal of every company, should be to be as locally relevant as possible, and with this project we are seeing the impact of this approach – working hand-in-hand with our partners to both transform a critical hub within Egypt while meeting local market demand.”
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NOTES TO EDITORS:
About GE:
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About GE’s Grid Solutions
GE’s Grid Solutions, a GE Renewable Energy business, serves customers globally with over 17,000 employees in approximately 80 countries. Grid Solutions helps enable utilities and industry to effectively manage electricity from the point of generation to the point of consumption, helping to maximize the reliability, efficiency and resilience of the grid. For more about GE Renewable Energy’s Grid Solutions business, visit www.gegridsolutions.com.
