Consortium signs contracts for 500MW Egypt wind project
A consortium of France’s Engie, Japan’s Toyota Tsusho and the local Orascom Construction has been awarded a contract to develop a 500MW independent power producer (IPP) wind power plant in the Gulf of Suez area of Egypt
A consortium of France’s Engie, Japan’s Toyota Tsusho and the local Orascom Construction has been awarded a contract to develop a 500MW independent power producer (IPP) wind power plant in the Gulf of Suez area of Egypt.
The land use agreement and power purchase agreements were signed at a signing ceremony in Cairo, which was attended by Mohammed Shaker, Egypt’s Minister of Electricity & Renewable Energy, Japan’s ambassador to Egypt, Noke Masaki and France's deputy ambassador to Egypt.
The project will require a total investment of about $600m. Commercial operation of the plant is expected to begin in 2024.
Engie, Toyota Tsusho and Orascom have previously collaborated on the 262.5MW Ras Ghareb wind farm, which was commissioned in 2019.
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