Name of the Project
Gulf of Suez Wind Farm.
Location
The wind farm will be located in Rhas Gharib, on the Gulf of Suez, Egypt.
Client
ENGIE (40%), Orascom Construction (20%) and Toyota Tsusho Corporation/Eurus Energy Holdings (40%) will build, own and operate the project.
Project Description
The project involves the construction of a 250 MW wind farm. The energy will be sold under a 20-year power purchase agreement to Egyptian Electricity Transmission Company
Potential Job Creation
Not stated.
Value
The project is estimated at $400-million.
Financing is expected to be provided by Japan Bank for International Corporation, in coordination with Sumitomo Mitsui Banking Corporation and Société Générale.
Duration
Construction is expected to start at the end of 2017 and take about 24 months.
Latest Developments
None stated.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Too early to state.
Contact Details for Project Information
Engie press contact, tel +33 1 44 22 24 35 or email engiepress@engie.com.
Orascom, Hesham El Halaby, tel +971 4 318 0900 or email hesham.elhalaby@orascom.com.
Eurus Energy Holdings, tel +81 3 5404 5300.
Toyota Tsusho Corporation, tel +81 5 2584 5482.