Orascom Construction Consortium Signs MOU to Develop a 3 GW Build-Own-Operate Wind Farm in Egypt
Orascom Construction PLC announces that its consortium with ENGIE (France) and Toyota Tsusho Corporation (Japan) has signed a Memorandum of Understanding (MOU) with the Egyptian Electricity Transmission Company (EETC) and the New & Renewable Energy Authority (NREA) to build, own and operate (BOO) a 3 GW wind farm in Egypt. Orascom Construction would have an […]
SCZone, Toyota Tsusho sign MoU on low-carbon energy projects
The Suez Canal Economic Zone (SCZone) and Japan’s Toyota Tsusho signed an agreement to conduct feasibility studies for joint projects in low-carbon infrastructure, renewable energy, water, green and blue hydrogen, and blue and green ammonia, the SCZone said Wednesday. Toyota last week presented to the Oil Ministry the results of an initial six-month study into producing blue ammonia in Egypt. (Source: […]
Orascom Construction Consortium to Develop a 500 MW Build-Own-Operate Wind Farm in Egypt
Orascom Construction PLC announces that its consortium with Toyota Tsusho Corporation/Eurus Energy Holdings Corporation (Japan) and ENGIE (France) has signed an agreement with the Egyptian Electricity Transmission Company (EETC) to develop, construct and operate a 500 MW wind farm in Ras Ghareb, Egypt for 20 years. Orascom Construction will have a 25% stake in the […]
Egypt’s natural gas transition is in line for a boost by the government
Subsidized loans and more may be in the cards for those looking to convert petrol-powered cars to run on natural gas after President Abdel Fattah El Sisi called on the Central Bank of Egypt (CBE) and the Madbouly government to provide car owners with “appropriate” financial incentives. The president made the remarks at a meeting […]
EBRD to provide $50m long-term loan for Egypt’s Ras Ghareb wind plant
EBRD to provide long-term loan to Egypt for large wind plant in Gulf of Suez: The EBRD has approved a USD 50 mn long-term loan to help finance a USD 560 mn, 500 MW wind power plant in the Gulf of Suez. The plant, which will be located approximately 40 km northwest of Ras Ghareb, […]
Engie, Orascom inaugurate Egypt’s largest wind farm at Ras Ghareb
ENGIE and its consortium partners inaugurated today the 262.5 MW Ras Ghareb wind park, Egypt’s first private and largest wind farm. Ras Ghareb project started commercial operation in October 2019, 6 weeks ahead of schedule. It is the first wind farm tendered on a Build-Own-Operate (BOO) scheme in the country and is part of the […]
Toyota-OC-Engie alliance begins trial run at 250 MW Ras Ghareb wind farm
A consortium comprised of Orascom Construction (OC), Engie, and Toyota Tsusho Corporation began trial runs on its 250 MW wind farm in Ras Ghareb, sources in the New and Renewable Energy Authority (NREA) told the local press. The sources said that testing began two weeks ago, with full commercial operation expected to begin before the […]
Toyota Tsusho discusses investment in Egypt’s petrochemical sector
The Japanese Corporation discussed participation in hydrocarbon cracking for diesel fuel project at the Assuit Oil Refining Company (ASORC) plant, with investments worth $1.9 billion, says El-Molla. Minister of Petroleum and Mineral Resources Tarek El-Molla revealed in a press statement on Tuesday that he discussed with a delegation from Japan’s Toyota Tsusho Corporation the possibility […]
Egypt signs contract for $400 mn Gulf of Suez wind farm
The project is expected to produce 250 MW of energy. The state-owned Egyptian Electricity Transmission Company on Tuesday signed an agreement with a Toyota-Engie-Orascom alliance to establish and develop a wind farm in the Gulf of Suez. The prime minister Sherif Ismail, the minister of electricity Mohammed Shaker, the minister of investment and international cooperation […]
Siemens Gamesa lands 262 MW supply of wind turbines for Ras Ghareb farm
Siemens Gamesa nabs 262-MW order in Egypt Wind turbine manufacturer Siemens Gamesa Renewable Energy SA today announced a 262-MW order for the Gulf of Suez wind farm in Egypt. The order, signed in the final quarter of 2017, was secured from a consortium made up of French utility Engie, Japanese power companies Toyota Tsusho Corp […]
