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Thursday, 20 January 2022

Hitachi to help connect Vestas’ 250 MW Suez Gulf wind farm to national grid

Hitachi Energy will provide the equipment to connect Vestas’ 250 MW wind farm in the Gulf of Suez to the national grid, it said in a statement (pdf) yesterday. The 70-turbine farm will generate 1 TWh of energy each year when operational. The New and Renewable Energy Authority signed an EGP 4.3 bn agreement with a consortium led by Denmark’sVestas in summer 2020. It was said at the time that the plant would take 35 months to construct.

Other things we’re keeping an eye on this morning:

  • Fund administrator Servfund plans to establish an EGP 2 bn investment fund for non-banking financial services including consumer financing and financial leasing.
  • Tripadvisor has named Hurghada the 10th most popular travel destination worldwide in its 2022 Travellers’ Choice Awards, while Cairo made the #2 spot on its 2022 top trending destinations list.
  • Delemar Aluminum will open three new factories worth a total EGP 450 mn in 6th of October City’s industrial zone this year, with a first phase set to start operations in March. The company is among the largest producers of extruded aluminum products in Egypt and the wider region.
  • Athlete found dead in Kafr El Sheikh: The 21-year-old former speedball world champion Rawan El Hussein was found dead on a rooftop in Kafr El Sheikh. Police are treating it as a murder and have made an arrest.

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