The fleet worth 228 million euros will be built by Vestas with financial support from several European institutions.
In Egypt, the Ministry of Energy signed the contract to build a 250 MW wind power plant in the Gulf of Suez. The infrastructure, costing 228 million euros, will be financed through a framework agreement signed between Egypt and several European partners. These include the French Development Agency, the European Union and the European Investment Bank, among others.
The plant, which will be one of the largest in the country, will be built by Vestas. The work is scheduled to last 35 months and the infrastructure will be connected to the national electricity grid to which it will supply 840 gigawatt hours per year.
With the great challenges that Egypt has faced in securing the sources of electric energy, the State has placed at the top of its priorities the speed to meet these challenges in a scientific, precise manner, and this, to guarantee the supply of the energy necessary for socio-economic development plans, said Mohamed Chaker, Minister of Energy.
Source Ecofin Agency