Egypt to launch wind farm tenders

28 June 2010

Egypt will launch a tender competition within days to choose firms to build a 1,000 mega-watt wind farm in the Gulf of Suez, Reuters has reported. The power plant will be constructed on a build-own-operate (BOO) basis. CI capital has reported El Sewedy Cables is likely to bid for the project. Shares in the company rose 4% yesterday.

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