Egypt launches tender offer for wind farms

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CAIRO: Egypt is to launch a tender offer for the installation of wind farms on the Gulf of Suez with a capacity of 200 megawatts, Energy Minister Hassan Younes said on Sunday.

The tender represent the second and third phases of the expansion of Egypt’s wind farming plans under a renewable energy program, Younes said in a statement, adding the first phase was signed in July.

The offer involves supplying and installing the wind farms as well as maintenance, he said.

The wind power plant, scheduled to start work in April 2014, is estimated to cost $500 million, with contributions from the European Investment Bank and the European Commission, Younes said.

Egypt’s total wind energy capacity currently stands at around 550 megawatts and the country has set a goal of producing 7,200 megawatts of wind energy by 2020.

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