CAIRO: Egypt’s Ministry of Electricity signed 56 memoranda of understanding to build wind- and solar- powered power plants with capacity of 4300 megawatts, Youm7 reported Saturday.
The government delivered the allocated lands for the projects in Kom Ombo “Bibian,” Zaafarana and Gulf of Suez to the investors.
“The 56 MoUs are classified into 46 MoUs to build solar power plants with a capacity of 2240 MW: 39 in Kom Ombo, of 1560 MW, and seven plants in Zaafarana of 280 MW; beside, 10 MoUs to build wind power plants in Gulf of Suez with capacity of 500 MW,” source told Youm7.
He added that the power purchase agreement is being signed between the Ministry of Electricity and the investors, as a kind of obligation on the government to buy the generated power from the solar and wind plants.
Thermal and wind power will contribute 1,500 megawatts annually to the power grid, the head of New and Renewable Energy Authority Shaaban Khalaf, told Youm7 in July ahead of signing 4 tenders to build solar and wind power plans of 4000 MW daily.
The NREA aims to satisfy 20 percent of the country’s electric energy demand from renewable energy resources by the year 2020, including about 12 percent from wind power and 8 percent from hydro power and solar energy, according to the authority’s official website.