Latest news with #RedSeaWindEnergyCompany
Egypt Independent
17-04-2025
- Business
- Egypt Independent
PM urges relying on local components in all wind energy projects
Prime Minister Mostafa Madbouly called for relying on local components in all wind energy projects across the country and reducing the import of foreign components. Madbouly's call came while he was inspecting the 650-megawatt wind farm in the Red Sea city of Ras Ghareb on Tuesday. The prime minister was accompanied by Minister of Electricity and Renewable Energy Mahmoud Esmat and a number of the electricity ministry's officials, as well as officials of companies responsible for implementing the project. The premier was briefed on the project's main components and the timetable for operating the wind farm. Khaled al-Degwy, Head of the Red Sea Wind Energy Company said the project is located 40 kilometers northwest of Ras Gharib, spanning an area ofapproximately 70 square kilometers. He added the project is part of the Egyptian government's plan to leverage the rich wind resources in the Gulf of Suez. The farm is constructed by a consortium of Orascom Construction PLC, ENGIE (France) and Toyota Tsusho Corporation/Eurus Energy Holdings Corporation (Japan) under the 25-year Power Purchase Agreement (PPA) with the Egyptian Electricity Transmission Company (EETC). Once operational, the USD-780-million farm will generate clean energy for over 1 million households and reduce carbon emissions by approximately 1.5 million tons annually, supporting Egypt's transition to renewable energy.
Zawya
16-04-2025
- Business
- Zawya
PM Madbouly urges local manufacturing for all wind energy projects in Egypt
Arab Finance: Prime Minister Mostafa Madbouly has called for the local manufacturing of all equipment and components used in wind energy projects across Egypt, as he toured the 650-megawatt wind farm near Ras Ghareb, the largest of its kind in Africa, as per a statement. The plant, developed by the Red Sea Wind Energy Company, spans approximately 75 square kilometers and consists of 104 turbines—84 with a capacity of 6 megawatts and 20 of 7.5 megawatts. Company officials said it was completed in just 24 months, ahead of its original 30-month schedule. The plant is expected to generate 3,050 gigawatt-hours annually and save more than 1.5 million tons of CO? emissions. Bishai added that the project created over 1,000 jobs and logged over 6 million safe working hours. Some components are already locally manufactured, and efforts are ongoing to expand domestic production. Madbouly emphasized that local manufacturing should be prioritized in all wind energy projects, aiming to reduce reliance on imports and strengthen local industry. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Middle East
15-04-2025
- Business
- Middle East
OPEN// PM urges relying on local components in all wind energy projects
RAS GHAREB, Egypt, April 15 (MENA) - Prime Minister Mostafa Madbouli called for relying on local components in all wind energy projects across the country and reducing the import of foreign components. Madbouli's call came while he was inspecting the 650-megawatt wind farm in the Red Sea city of Ras Ghareb on Tuesday. The prime minister was accompanied by Minister of Electricity and Renewable Energy Mahmoud Esmat and a number of the electricity ministry's officials, as well as officials of companies responsible for implementing the project. The premier was briefed on the project's main components and the timetable for operating the wind farm. Khaled El Degwy, Head of the Red Sea Wind Energy Company said the project is located 40 kilometers northwest of Ras Gharib, spanning an area of approximately 70 square kilometers. He added the project is part of the Egyptian government's plan to leverage the rich wind resources in the Gulf of Suez. The farm is constructed by a consortium of Orascom Construction PLC, ENGIE (France) and Toyota Tsusho Corporation/Eurus Energy Holdings Corporation (Japan) under the 25-year Power Purchase Agreement (PPA) with the Egyptian Electricity Transmission Company (EETC). Once operational, the USD-780-million farm will generate clean energy for over 1 million households and reduce carbon emissions by approximately 1.5 million tons annually, supporting Egypt's transition to renewable energy. (MENA) M R E/R E E
