Wind in Egypt Presses On

Wind in Egypt Presses On
Gulf of Suez, Egypt -- Less than two months after former President Hosni Mubarak was forced out of office, the transition government now aims to push ahead with stalled plans to build new wind farms in the Gulf of Suez.

Egyptian Minister of Electricity and Energy Hassan Younis told local media that the government will launch a two-phase tender in May to select companies to build two of the four wind farms planned in the Gulf of Suez. Each facility is expected to have a total output of 250 MW when completed.

The bids, open to all companies, will be launched in cooperation with the European Union as well as Spanish and German banks, according to Younis.

Under the government plan to construct four wind farms in phases, investors will finance, build and operate the power facilities for a period of 20 to 25 years. They will sell the power generated by their wind farms to the state-owned Egyptian Electric Company at prices approved by the government.

Like many nations in Africa...

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http://www.renewableenergyworld.com/rea/news/article/2011/04/wind-in-egypt-presses-on?cmpid=WindNL-Thursday-May5-2011