HomeIndustry SectorsGenerationEgypt: 500MW wind farm in the Gulf of Suez to commence

Egypt: 500MW wind farm in the Gulf of Suez to commence

The Prime Minister of Egypt, Moustafa Madbouli, recently attended the signing of two agreements on establishing a 500MW wind farm in the Gulf of Suez area.

The deal was signed by the Electricity Ministry and a consortium comprising Orascom, France’s Engie and Japan’s Toyota Tsusho Corporation in the presence of Electricity Minister Mohamed Shaker, Japanese Ambassador to Egypt Masaki Noke and France’s deputy ambassador to Egypt.

Have you read?
Egypt: West Bakr Wind Farm synchronises first 20 turbines to the grid

Shaker referred to efforts exerted by the ministry in cooperation with the private sector to carry out power projects based on renewable energy sources.

The efforts come as part of the ministry’s strategy to produce 42% of electricity from renewable sources by 2035, he said.

In October, the Egyptian Electricity Transmission Company (EETC) agreed with the Red Sea Wind Energy Company to set up a wind farm in the Gulf of Suez area under a BOOT (Build, Own, Operate, Transfer) system, a form of Public-Private Partnership (PPP), to produce 500 megawatts of electricity from wind energy.

Have you read?
Egypt: energy ministry seeks to speed up renewables secto
r

The EETC will buy the electricity produced from the project, Shaker said.

The total investment cost of the project is estimated at $600 million and it is expected to become operational in 2024.

He added that the project is anticipated to provide 1,100 direct jobs in addition to many other indirect jobs related to supplies and services.

Nomvuyo Tena
Nomvuyo Tena is a Content Producer at Clarion Events Africa and is as passionate about the energy transition in Africa as she is about music and Beyonce.

LATEST FEATURES