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Egypt’s renewable energy agency NREA is looking to revive its floundering wind and solar program after the EU’s European Investment Bank (EIB) agreed to provide some of the finance for a wind farm to be built in the Suez region.
But for now state generator EEHC is relying on more conventional power plants to keep pace with rising electricity demand. This month the first units of three combined cycle gas turbine (CCGT) plants – which are among almost 20GW of capacity under construction (see table) – begin commercial operation.
NREA says that the EIB, along with Agence Francaise de Developpement (AFD) and/or Germany’s KfW – French and German state credit guarantee agencies respectively – will provide a loan that is “still subject to final negotiations” for a contract to design, deliver, construct and commission the wind farm. The EIB will provide around $123mn of funding, according to Egyptian daily Amwal Al Ghad. (CONTINUED - 873 WORDS)
DATA INSIDE THIS ARTICLE
|table||Egypt Power Projects Under Construction|
|chart||Egypt’s Power Project Pipeline By Fuel (Gw)|