Gamesa secures 200MW Egyptian order

EGYPT: Gamesa has been awarded a contract to supply, install and commission 100 turbines at a 200MW wind-power project at the Gulf of El-Zayt on Egypt's Red Sea coast.

Google Translate

The company was selected by the New and Renewable Energy Authority (NREA), a division of the energy ministry, following an international tender call in early 2010.

View Larger Map

Site works will start next spring, with commercial operation scheduled for mid-2014.

The facility will cost an estimated €340 million. The Egyptian government will stump up 20% of this, with the rest coming in loans. Lead arranger Germany's KfW development bank will provide €192 million, the European Investment Bank €50 million and the European Union €30 million.

So far Gamesa has supplied 405MW of the 550MW turning in Egypt. The country is targeting around 7.2GW of installed capacity by 2020, as part of its aim to satisfy 20% of its energy needs from renewable sources by that date.

While the energy minister recently reiterated this goal, the forthcoming elections introduce an element of uncertainty.


Subscribe to Windpower Monthly's daily bulletin, Windpower Daily

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Sign up now
Already registered?
Sign in

Windpower Monthly Events

Latest Jobs