- Arab News reports that the Egyptian Electricity Transmission Co. will this month sign a deal to purchase wind energy of 1100 MW from Saudi Arabia’s ACWA Power.
- Sources at the EETC said that the project would cost over $1.2 billion and would be implemented in stages.
- ACWA Power has also sought to expand its renewable-energy business in Egypt with hydrogen production and water desalination projects.
According to the sources, the EETC will pay 2.85 cents per kilowatt-hour. The Egyptian Cabinet had agreed to proceed with talks for the Saudi company to replace the Hanadi village, Luxor governorate project that has a current total capacity of 2,250 megawatts.
The initiative would operate under a build, own and operate system, to produce electric power from renewable sources.
ACWA Power would purchase the land for the implementation of the project from the New and Renewable Energy Authority for wind-power plants. This has to be approved by the Egyptian Finance Ministry.
The sources indicated that ACWA Power has also sought to expand its renewable-energy business in Egypt with hydrogen production and water desalination projects.
Author: Bryan Groenendaal
Source: Arab News
