Egypt’s New and Renewable Energy Authority (NREA) revealed that three international companies have submitted offers for NREA’s call for tenders. The authority said that the bids were to establish a 250 MW capacity wind farm in the Gulf of Suez.
Companies sending in bids for the wind farm include Siemens Gamesa, Vestas, and Senvion.
The NREA opened the operational offers and gave primary approvals until the offers are analyzed. Financial offers are to be submitted in March 2019 for the $297.52 million investment project.
KfW Development Bank is working on securing a $297.52 million loan to finance the project, which will be available upon choosing the funding institution and starting studies.
In addition to the submitted bids, Egypt’s production from wind farms across Gabal Zeit and Zaafarana rose to 1,000 MW, sources at the Ministry of Electricity and Renewable Energy stated.
The Ministry is looking to boost its production steadily through a variety of renewable energyies.