Cairo – Mubasher: Global Energy Services Spain is planning to build a 263-megawatt wind farm near Ras Gharib in the Red Sea governorate, Egypt by the end of the first quarter of 2019.
The wind farm will be executed in three phases under the build, operate, and transfer (BOT) scheme, the company said in a statement.
The produced energy will be sold in accordance with the Spanish company’s power purchase agreement (PPA) with state-run Egyptian Electricity Transmission Co. (EETC), the company highlighted, adding that it will provide the project with equipment.
In July, the Egyptian cabinet reached an initial agreement to amend the implementation system of wind power projects from the feed-in tariff to the build, own, and operate system (BOO).
The project’s investment was not disclosed.
