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Thursday, 12 July 2018

NREA to tender 250 MW wind farm next week

The New and Renewable Energy Authority (NREA) is planning launch the tender to develop the 250 MW wind farm in the Gulf of Suez next week, according to sources from NREA. Siemens, Danish wind turbine manufacturer Vestas, and German wind energy solutions Senvion are the only three companies remaining in the running for the EUR 260 mn wind farm, funded by Germany’s KfW bank, European Investment Bank, the French Agency for Development, and the EU. The windfarm would be the first project in Egypt’s plan to develop a 2.2 GW in generation capacity. There had been reports that negotiations with Siemens stalled pending over the feed-in tariff rate, which the ministry wants to lower to USD 0.04/KW from a current EUR 0.053.

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