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NREA postpones receiving bids on Gulf of Suez wind farm to February - Daily News Egypt

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NREA postpones receiving bids on Gulf of Suez wind farm to February

Decision came upon request of two of bidding companies


The New and Renewable Energy Authority (NREA) has decided to delay receiving bids on the Gulf of Suez wind farm of 250MW to February instead of 20 January.

An official in the NREA said the decision came upon the request of two of the bidding companies, and in coordination with the German KfW Development Bank which arranges the loan for financing the project. The authority affirmed that the tender will not be postponed again.

He added that the NREA has answered all the questions of the bidding companies, and allowed them to visit the project’s site. The bidders include Vestas, Siemens, and Senvion.

The official pointed out that the companies’ questions focused mainly on the transmission station that will transmit the energy produced from the project to the national grid.

Sources in the NREA previously informed Daily News Egypt that the loan provided by several financing institutions, including KfW, was estimated at €260m. The loan had been offered until the end of last December, before being postponed.

The NREA has set up a committee to study offers from Arab and international companies to acquire land for producing energy from renewable resources.

The official noted that the NREA has many available lands that can be granted to investors under the usufruct system. However, the cabinet must approve the suggested projects to avoid withdrawing lands allocated for these projects.

https://www.dailynewsegypt.com/2019/01/15/nrea-postpones-receiving-bids-on-gulf-of-suez-wind-farm-to-february/
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