Siemens Energy is preparing the site on which the first of several wind power projects will be built in Egypt.
The 180 MW wind project in the Gulf of Suez area is the first out of a planned 2 GW programme.
Speaking on the sidelines of the recent Egypt Energy Investment Summit, Emad Ghaly told MEED that the German company was also finalising financing for the project. Ghaly said that financing for the first phase will be export credit agency (ECA) backed.
In June 2015, Siemens signed an $8.5bn deal with the Egyptian government to develop 16.4 GW of power capacity in the country, with 2GW of this to be through a number of wind projects.
Ghaly says that the wind capacity will be developed over 10-12 sites, and should be completed within the next 7-8 years.
As part of the deal, Siemens will be building a rotor blade factory to produce the major components of the wind farms. The factory, planned to be built in Ain Sohkna, will produce up to 600 turbines to produce the desired 2 GW for the Siemens contract. The factory will provide employment for up to 1,000 people, and is scheduled to be operational in 2017.
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