The Egyptian Ministry of Electricity will sign 11 memoranda of understanding (MoU) and cooperation agreements with France during French President, François Hollande’s visit to Cairo, according to government sources cited by Daily News Egypt.
The sources added that two letters of intent will also be signed focused on the development of the electricity sector with a goal to improve the efficiency of transmission and distribution networks and on the establishment of new renewable energy projects with a total production capacity of 1,000 MW.
In the area of renewable energy, the French Development Agency (AFD) will also authorize an agreement worth $56.5m with the Egyptian Ministry of Finance for the construction of a wind farm in the Gabal Elzeit area. The agency will also sign two other agreements to finance the Delta Electricity Control Center amounting to $56.5m aimed at constructing a solar power plant with a capacity of 100 MW.
Further, the French company Alstom was reported to plan signing an agreement with the EEHC to implement an electricity project to construct a solar power plant with a capacity of 50 MW in Sharm El-Sheikh.
In addition, Électricité de France S.A (EDF) will sign two MoUs with the Egyptian Electricity Holding Company (EEHC) and the New and Renewable Energy Authority (NREA) for the exchange of expertise in various energy areas.