Egypt's NUCA, SHMFF sign New Cairo land allocation for integrated urban project    CIB named Egypt's Bank of the Year 2025 as factoring portfolio hits EGP 4bn    Egypt declares Red Sea's Great Coral Reef a new marine protected area    Oil prices edge higher on Thursday    Gold prices fall on Thursday    Egypt, Volkswagen discuss multi-stage plan to localise car manufacturing    Egypt denies coordination with Israel over Rafah crossing    Egypt to swap capital gains for stamp duty to boost stock market investment    Egypt tackles waste sector funding gaps, local governance reforms    Egypt, Switzerland explore expanded health cooperation, joint pharmaceutical ventures    Egypt recovers two ancient artefacts from Belgium    Private Egyptian firm Tornex target drones and logistics UAVs at EDEX 2025    Egypt opens COP24 Mediterranean, urges faster transition to sustainable blue economy    Egypt's Abdelatty urges deployment of international stabilisation force in Gaza during Berlin talks    Egypt, Saudi nuclear authorities sign MoU to boost cooperation on nuclear safety    Giza master plan targets major hotel expansion to match Grand Egyptian Museum launch    Australia returns 17 rare ancient Egyptian artefacts    China invites Egypt to join African duty-free export scheme    Egypt calls for stronger Africa-Europe partnership at Luanda summit    Egypt begins 2nd round of parliamentary elections with 34.6m eligible voters    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt scraps parliamentary election results in 19 districts over violations    Egypt extends Ramses II Tokyo Exhibition as it draws 350k visitors to date    Egypt signs host agreement for Barcelona Convention COP24 in December    Al-Sisi urges probe into election events, says vote could be cancelled if necessary    Filmmakers, experts to discuss teen mental health at Cairo festival panel    Cairo International Film Festival to premiere 'Malaga Alley,' honour Khaled El Nabawy    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Egypt launches National Strategy for Rare Diseases at PHDC'25    Egypt launches Red Sea Open to boost tourism, international profile    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



New offers from Arab, international companies to launch 2,150MW wind farms
American, Chinese, German, Saudi institutions seek to establish projects in Egypt
Mohamed Farag Published in Daily News Egypt on 09 - 07 - 2019

The ministry of electricity and renewable energy has received new offers from Arab and international companies to launch wind farms with a capacity of 2,150MW.
Sources from the ministry told Daily News Egypt that companies from China, Germany, and Saudi Arabia have made offers to implement wind power stations with capacities ranging from 200 to 250MW per station.
A high-level committee from the Egyptian Electricity Transmission Company (EETC), the New and Renewable Energy Authority (NREA), and the Egyptian Electricity Holding Company (EEHC) will be formed to study these offers.
The sources added that the formed committee will study the proposals in general, according to the vision for the construction of stations, networks, loads, and the extent of the increase through to 2035, as well as the future needs to add the capacity of the renewable power plants to the electrical grid.
The sources pointed out that the companies seek to establish wind farms projects on a range of funding and management schemes, including EBC+Finance and BOO.
The EETC seeks to purchase the produced capacity of all the projects, but it depends on the value of the tariff. The company has capped tariff at 3.8 cents per kW/h. It aims to buy energy at less than that in the coming projects, according to sources.
The sources also said that the ministry aims to introduce projects under the auctions scheme on several stages according to the 2030 energy plan.
The sources noted that the ministry of electricity and renewable energy received presentations from General Electric and Vestas to implement projects of 4,000MW. However, they are yet to decide on them as negotiations stopped.
Instead, the ministry will not sign direct agreements and will float projects for companies to compete for.
The sources pointed out that the ministry is in negotiations with Siemens to build wind power stations with a capacity of 2,000MW, the first phase of which is a project of 180MW.
Egypt plans to generate 20% of energy from renewable resources by 2022.
The total produced energy in the country now stands at 55,000MW, including 2,400MW from hydroelectric power (5.5%), 1,000MW from wind farms, and 170MW of solar energy, equivalent to about 2.6%.

Clic here to read the story from its source.