Back to the complete issue
Sunday, 27 October 2019

Vestas awarded tender for 250 MW Ras Ghareb wind plant

The New and Renewable Energy Authority (NREA) has awarded the tender to build a 250 MW wind energy plant in Ras Ghareb to Danish firm Vestas, sources familiar with the matter told the press. The two parties are expected to sign the contract before the end of the year after the European lenders on board to finance the project give the go ahead. Vestas’ offer was the only bid considered by the NREA after both Siemens Gamesa and Germany’s Senvion retracted their bids. The plant is expected to cost EUR 260 mn and is being built for Lekela Egypt, which will operate it under a build-own-operate framework. The project will be funded by Germany's KfW bank, the European Investment Bank, the French Agency for Development, and the EU.

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. © 2020 Enterprise Ventures LLC.