Ten companies line up for private energy scheme on Gulf of Suez
Egypt’s Energy & Electricity Ministry has shortlisted 10 companies for the contract to build the country’s first private wind farm.
The winning bidder will develop the 250MW farm on the Gulf of Suez on a build-own-operate basis.
The shortlisted developers include Spain’s Iberdrola, Italy’s Enel, Electricite de France, the UK’s Renewable Energy Systems, the US’ AES Corporation, Korea Electric Power Corporation and Japan’s Toyota.
The list also includes local firms Orascom Construction Industries, El-Sewedy Cables and Egypt Wind Power with Malaysia’s Powertek Berhad.
The companies will now carry out site studies before submitting their bids in the first quarter of 2011.
Egypt aims to produce 20 per cent of its electricity from renewable energy by 2020. A total of 12 per cent will come from wind energy.
You might also like...
Amiral cogen eyes financial close
26 April 2024
Lunate acquires 40% stake in Adnoc Oil Pipelines
26 April 2024
Saudi Arabia's Rawabi Holding raises SR1.2bn in sukuk
26 April 2024
Iraq oil project reaches 70% completion
26 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.