wind farm | Egypt Oil & Gas - Part 2
EIB to Fund Gulf of Suez Wind Farm
Egypt signed a funding contract with European Investment Bank (EIB) to finance wind farm in the Gulf of Suez.
Toyota Alliance to Complete Wind Farm Financial Closure
Toyota, Orascom, and GD France alliance is waiting the New and Renewable Energy Authority (NREA) to complete the land allocation agreement for the Gulf of Suez wind farm.
Egypt Delayed Bids on Renewable Projects
The Egyptian Ministry of Electricity and Renewable Energy delayed receiving three bids for a tender meant to build wind farms and solar power plants in Aswan and west of the Nile with total capacity 650MW. Wind Farm Halted Due to Arbitration Clause
Egypt called on Toyota, Orascom, and GD France alliance to accept that arbitration in case of dispute to be held in Cairo, in order to complete the contracting on the Suez Gulf wind farm. Egypt to Issue Financial Guarantee for Wind Farm
The Egyptian Ministry of Finance approved issuing a financial guarantee for a new 250MW wind farm in the Gulf of Suez to be granted to a venture between Toyota, Orascom and GD France.
S. African Wind Farms Received Main Transformers
Lekela Power has delivered the main transformers to the 140MW Loeriesfontein and 140MW Khobab wind farms in South Africa.
Egypt Expanded in Renewable Energy
The Egyptian Minister of Electricity and Renewable Energy, Mohamed Shaker, stated that the Egyptian electricity sector launched 3 new renewable energy tenders under the build, own, and operate (BOO) system.
EBRD Funded Wind Farm in Jordan
The European Bank for Reconstruction and Development (EBRD) is providing a $70m loan to Green Watts Renewable Energy to help build the 86MW Al Rajef wind farm in southern Jordan.
