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Tag: Wind Farm
wind farm construction

Lekela Power nears contract finalization for $350m wind farm investment

Posted: May 10, 2017 at 2:28 pm   /   Renewables

Lekela Power, the pan-African renewable operator that is reportedly 60% owned by funds controlled by emerging markets private equity player Actis, will sign contracts for a USD 350 mn, 250 MW wind farm in the Gulf of Suez within two months, Actis Partner Sherif El Kholy says, according to Al Mal. Lekela’s website says it […]

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Siemens' Egypt Megaproject sets new global record for fast-track execution of power projects

Posted: May 9, 2017 at 1:44 pm   /   Electricity & Power

Inside Egypt’s record-breaking energy megaproject. Siemens has set a new global record for the execution of fast-track power projects by connecting 4.8GW of generation capacity to the Egyptian grid. Julian Turner asks Peter Ullrich, project director of the three combined-cycle power plants at Siemens Power & Gas Division, how it was achieved. Beautiful and benighted, […]

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Italgen interested in investing $350 million in wind farm at Zaafarana

Posted: April 11, 2017 at 1:22 pm   /   Renewables

Italgen is considering investing USD 350 mn in a 350 MW wind farm in Zaafarana, according to an emailed statement. CEO Giuseppe de Beni discussed the project with Investment and International Cooperation Minister Sahar Nasr. (Source: Enterprise.press)

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Lekela Power to sign $350 million agreement for 250 MW wind farm in current quarter

Posted: April 10, 2017 at 1:08 pm   /   Renewables

Agreement with the government over the establishment to be signed soon. Lekela Power for New and Renewable Energy intends to sign an agreement with the government to establish a wind farm in the second quarter of this year. The total cost of this farm is estimated at $350m. Actis Egypt’s director, Sherif Elkholy, said that […]

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Electricity Ministry freezes negotiations with Siemens over 2 GW wind farm

Posted: December 20, 2016 at 12:18 pm   /   Renewables

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 […]

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Siemens to select company for turbine plant design & construction

Posted: September 20, 2016 at 4:07 pm   /   Electricity & Power, Renewables

In June, Siemens signed agreements worth €8bn for high-efficiency natural gas-fired power plants, wind power installations, says CEO of Siemens Egypt. Daily News Egypt interviewed Emad Ghaly, CEO of Siemens Egypt, to talk about the updates and progress of the company’s power plants in Egypt. What are the latest updates of your three power plants—Burullus, […]

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Danish wind turbine manufacturer Vestas expected to sign $2.3bn Egypt agreement

Posted: August 24, 2016 at 7:10 pm   /   Renewables

Shares in Danish wind-turbine maker Vestas rose almost 5 percent on Monday after a minister said it expects to sign a cooperation agreement with the Egyptian government worth up to 2 billion euros ($2.3 billion). The agreement could lead to as much as 2.2 gigawatt (GW) of orders, the Danish ministry of energy, utilities and […]

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Siemens reportedly offers to build 10 GW wind farm, blade & turbine factory

Posted: August 5, 2016 at 9:44 pm   /   Renewables

Siemens has reportedly offered to build a 10 GW wind farm in an undisclosed location in Egypt, according to an unnamed source at the electricity ministry, Al Borsa reported. Siemens is also reportedly set to build a factory to produce blades and turbines for potential export, the source said, adding that the New and Renewable […]

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ACWA Power invests EGP 20 million in three renewable energy projects

Posted: July 14, 2016 at 3:50 pm   /   Renewables

Saudi’s ACWA Power has invested EGP 20 mn in three renewable energy projects in Egypt under the feed-in-tariff system, Regional Director Hassan Amin told Al Mal. The projects include two wind farms and a solar power plant each with a capacity of 50 MW, he added, and are located in Benban and Ras Gharib. The […]

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Siemens appoints Emad Ghaly as new Chief Executive Officer for Egypt

Posted: July 3, 2016 at 3:53 pm   /   Electricity & Power, Renewables

• Emad Ghaly to lead Siemens’ business into strategic growth areas in Egypt. • Maximilian Egger to retire after a 40-year career at Siemens. • Supporting Egypt’s sustainable development remains a key priority. Siemens has appointed Emad Ghaly as Chief Executive Officer of Siemens S.A.E. in Egypt, effective July 1, 2016. Based in Cairo, Ghaly […]

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