ElSewedy wins Egypt wind farm work

Local firm awarded deal to build six 100MW plants amid power cuts.

Wind, Wind farm, News

ElSewedy Electric Co. has won a contract to develop six 100MW wind power stations in the country.

The stock listed cable manufacturer clinched the deal to own and operate the plants in the Al-Zayt Gulf on the Red Sea.

Under the deal, ElSewedy will be able to provide power to its customers over a 25-year period, it revealed in a statement.

It is the first private company permitted to sell electricity independently amid chronic power shortages in Egypt.

Commercial terms were not disclosed and a final contract has yet to be signed, the statement said.


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