11/10/2022 | Press release | Distributed by Public on 11/10/2022 02:07
A Memorandum of Understanding (MOU) was signed, on the 8th of November, by consortium partners Orascom Construction PLC, Toyota Tsusho Corporation and ENGIE with the Egyptian Electricity Transmission Company (EETC) and the New & Renewable Energy Authority (NREA) to build, own and operate (BOO) a new 3 GW wind farm in Egypt.
The ceremony took place at COP27 in Sharm El Sheikh with the attendance of H.E.Mostafa Madbouly, Prime Minister of Egypt, H.E. Dr. Mohamed Shaker, Minister of Electricity and Renewable Energy, and Eng. Osama Bishai, CEO of Orascom Construction representing the consortium.The new 3 GW wind farm project builds on the past success achieved in developing wind farms with a capacity totalling 762.5 MW on a BOO basis in Egypt:The consortium's wind farms will significantly support Egypt's decarbonization efforts. They will contribute to the country's renewable power generation goals of having 42% of electricity produced from renewable sources by 2030.
Paulo Almirante, ENGIE Senior Executive Vice President in charge of Renewables, Energy Management and Nuclear Activities, commented: "This agreement with the Egyptian authorities for a 3 GW wind farm is based on our local long-term partnerships, and on our consortium's ability to deliver and operate the first Ras Ghareb wind farm. We, at ENGIE, are very committed to support projects contributing to local and sustainable energy production, such as the Egyptian ones."
Blockchain certification with WizTrust
ENGIE HQ Press contact:
Phone. France : +33 (0)1 44 22 24 35
Email: [email protected]
Investors relations contact:
Phone. : +33 (0)1 44 22 66 29
Email: [email protected]