Electricity Ministry freezes negotiations with Siemens over 2 GW wind farm

The Electricity Ministry has suspended talks with Siemens over a 2 GW wind farm due to the project’s high costs, Al Borsa reported. The Egyptian Electricity Transmission Company (EETC) had been looking to reprice the agreement it had made with Siemens during the Egypt Economic Development Conference and reduce the price per kWh down from its current USD 0.06, sources said. They added that EETC might halt negotiations for other projects for the same reason, especially since it has cheaper options already in the works.

(Source: Enterprise.press)

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s