The Egyptian Electricity Transmission Company (EETC) has signed a contract with a three-firm consortium to establish a $400 million wind farm in the Gulf of Suez, Al Ahram Newspaper reported.
The consortium, which consists of Toyota Tsusho Corporation, Engie and Orascom Construction, will construct the wind farm in Gabal El-Zeit.
The installation will generate electricity at a capacity of 250MW, a third of Egypt’s total wind-generated electricity.
The wind farm is being built under a build-own-operate framework. This means that the participating companies will finance, construct, operate and own the infrastructure.
It is projected to be linked to the country’s national grid by mid-2019 for trial operation. The wind plant will be fully linked to the grid by the end of 2019.
Moreover, the power purchase agreements (PPA) for the Benban solar power complex were all finalized, Minister of Electricity and Renewable Energy, Mohamed Shaker, stated during the signing ceremony. He added that the Benban complex will have a production capacity of 1,460 MW, making it the biggest solar installation in the world.