Back to the complete issue
Sunday, 24 February 2019

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.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2021 Enterprise Ventures LLC.