MHI Receives Order for Steam-turbine Power Generation Systems For Cairo West Power Station of CEPC, Egypt

The 700 MW (megawatt) power generation equipment on order consists of two 350 MW steam turbines, two boilers, two generators and auxiliary equipment for the steam turbines. MHI's Nagasaki Shipyard & Machinery Works will be responsible for manufacturing and installing the steam turbines. Mitsubishi Electric Corporation will supply the two generators. Power Generation Engineering & Services Company (PGESCo), a power plant engineering and consulting company in Egypt, will be responsible for boilers, electrical equipment and civil engineering work.

CEPC, an electricity production company under the aegis of the Egypt Electricity Holding Company (EEHC), supplies electricity to the greater Cairo region. Previously, in 2002 MHI received an order from CEPC for two gas turbines for use in the gas turbine combined-cycle (GTCC) power generation system at its Cairo North Power Station. In 2003 MHI received an order for two steam turbines from West Delta Electricity Production Company (WDEPC), an EEHC affiliate, for a GTCC power generation facility at its Nubaria Power Station. MHI believes that the high evaluation accorded by these customers resulted in the award of the latest order.

Egypt, which has been actively implementing economic reforms, has recovered from the economic slowdown earlier this decade and is now tracing a steadily rising economic trajectory, with real GDP growth reaching 6.9% in fiscal 2005/2006. In tandem with economic recovery, many new power plant constructions are being planned to accommodate increasing electricity demand. Leveraging the latest power plant order, MHI will further strengthen its aggressive approach to power plant construction projects in Egypt, including steam-turbine and gas-turbine power generation systems.