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Zarou Group is slated to manage and operate a power plant in Egypt built by Siemens.
Zarou is a new company set up to develop, own, build and operate power and renewable energy, oil & gas midstream, water and other related projects in the Middle East and North Africa (MENA) and neighboring regions. Zarou is fully owned by Blackstone.
Blackstone Group L.P. is an asset management company headquartered in New York City while Zarou is based in London. Blackstone’s investment portfolio is $450 billion.
In 2018, all three 4.8 gigawatt-turnkey Combined Cycle Power Plants built by Siemens started operation in the New Administrative Capital (NAC), Beni Suef and Burullus. Each has a capacity of 4,800 megawatts, and efficiency of 61 percent.
Each plant is composed of four generation units. Each unit has two H-Class gas turbines, one steam turbine, and two heat recovery steam generators. Each turbine has a capacity of 400 megawatts. Siemens is also executing 12 wind parks with approximately 600 wind turbines in total.