Project News Detail
Project No : | 186824 |
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Project Title : | Construction Of 250 Mw Wind Farm Project In Egypt |
Company Name : | Government Of Egypt |
Project Detail : | A 250 MW wind farm will to be constructed at Ras Gharib in the Suez governorate of Egypt. The New and Renewable Energy Authority (NREA) and Lekela Power have entered an agreement for setting up the wind farm With the agreement signed at Suez, the company has received the land on which the project will be situated for two percent of the produced energy annually The authority will also allow the developer to sell energy at competitive prices to the Egyptian Electricity Transmission Company (EETC) The financial closure for the project is expected to be finalised by the end of August 2019. Moreover, three European banking institutions have showed interest to fund the project by approximately USD 245 million The International Finance Corporation (IFC) has offered a loan worth USD 82 million, while the European Bank for Reconstruction and Development (EBRD) contributed USD 81 million The Overseas Private Investment Corporation (OPIC) has offered USD 82 million funds. The project is part of the government’s plan to implement energy projects under the build, own, operate (BOO) system |
Project Location : | Not Classified - Not Classified - Egypt |
Project Estimation : | Refer Document |
Status : | Announced |