Electricity Ministry officials have announced an invitation for local and foreign investors to proffer tenders to build four wind power stations in the Suez Gulf area.
The power stations will have a total capacity of 1000 megawatts and the project will be developed under a build-own-operate (BOO) arrangement.
Two phases will be involved in the project, with two stations being built during each stage, Minister of Electricity Hassan Younis said on Wednesday.
The initial phase will be implemented in January 2011, and the second in July of the same year.
Egyptian Electricity Transmission Company officials will purchase the power produced for a 20-year period. Pricing for consumers will be determined by the cabinet.
The two-phase implementation of the project is designed to attract the largest number of investors.
Translated from the Arabic Edition.
