Siemens Gamesa is currently in talks with the Egyptian government for the implementation of a 2 GW wind power project in the east of the country. The project will cost an estimated €2 billion. The energy company wants to put it in place under a build, own, and operate contract.
According to a report in Daily News Egypt negotiations are progressing well and may soon lead to the signing of a power purchase agreement between Siemens Gamesa and the Egyptian Electricity Transmission Company. Siemens Gamesa proposes, according to the report, a power purchase price of between 16 and 17 cents per kilowatt hour.
The project would be deployed in several stages. The first will allow the installation of 180 MW in the locality of Ras Ghareb. Another step will allow the installation of an additional 650 MW.