Cairo – Mubasher: Elsewedy Electric Co and the New and Renewable Energy Authority (NREA) are in talks over building a wind farm in the Gulf of Suez.
The company has not revealed any details concerning the project, Elsewedy added in a statement to the Egyptian Exchange (EGX) on Tuesday.
It is worth mentioning that a consortium of Egypt’s Elsewedy Electric and Japan’s Marubeni is planning to establish two 500-megawatt wind farms.
In March, Elsewedy had signed a memorandum of understanding (MoU) with Marubeni to build, own, and operate two 500-megawatt wind farms, with investments worth up to EUR 500 million.
On 20 November 2017, Elsewedy was negotiating with the Egyptian Ministry of Electricity and Renewable Energy over getting six lands to operate six wind farms.
