OC consortium to complete 250 MW wind farm in Ras Gharib two months ahead of schedule
A consortium comprised of Orascom Construction (OC), Engie, and Toyota Tsusho Corporation is on track to complete a 250 MW wind farm in Ras Gharib by October, two months ahead of the 24-month construction schedule, National Renewable Energy Authority (NREA) head Mohamed El Khayat tells local industry publication Power News. OC’s ability to deliver on the project helped shave 10% from the estimated time of construction, noted El Khayat. The consortium has already begun conducting wind tests ahead of the launch of construction on phase two of the project — which will see the development of a 500 MW wind farm. Phase one of the BOO project is expected to cost USD 312 mn, while phase two is estimated to cost around USD 700 mn, he added. The consortium had inked the agreements for the project in July of last year.