Egyptian Minister of Electricity and Energy Hassan Yunis said that Egypt and the United Arab Emirates (UAE) would soon hammer out a framework deal for a 200-MW wind farm at the Gulf of Suez region in Egypt.
A feasibility study is to be conducted for determining the actual value of the project once the agreement is inked, the minister told reporters, boasting that it would be the first renewable energy project in Egypt. Egypt’s New and Renewable Energy Authority (NREA) and the UAE’s state-owned Abu Dhabi Future Energy Company will be involved in the project, he added.
Egypt has already allowed the private sector to launch the first private wind farm project in Egypt with a capacity of 250 megawatts under the building, operating and transferring (BOT) system, he said. The electricity sector in the country has taken all guarantees to ensure successful investment in wind farms, the minister added. He expected Egypt’s wind capacity to reach 7,200 megawatts by 2020.