📋 Tender Overview
IATI identifier 46002-P-EG-F00-014
Country Egypt
Sector Power
High 5 Light Up and Power Africa
Sovereign / Non-Sovereign Non-sovereign
Environmental Category [1] High Risk
Commitment (UA) 129,672,006
Project General Description
The Project involves the design, construction, operation, and maintenance of a greenfield 1.1 GWwind farm and its associated medium/high voltage step-up power substation in Egypt being developed by ACWA Power and partners. The wind farm will be located along the Gulf of Suez, an area that exhibits some of the best wind resources in the country. Due to the large size of the Project and land availability, the wind farm will be split over two locations in west of Ras Ghareb & south of Ras Shukeir, about 60 km apart, with 550 MW of wind capacity to be installed in each location. The generated power off-taker, under a 25-year take-or-pay PPA, will be the Egyptian Electricity Transmission Company (EETC), which will also be responsible for funding and construction of the transmission lines that will connect the two project plots to the national grid. Once constructed, the Project will boost the deployment of renewable energy in Egypt as the largest wind IPP in the country.
Project Objectives
The Project will contribute 1.1 GW of clean power to the grid, thereby increasing the share of renewables in the generation mix and reducing the current heavy dependence on fossil fuels for power generation. This will give the government of Egypt the opportunity to reduce the foreign currency bill for natural gas imports and further avail more of the domestic gas for local industries. Through the displacement of costly pollution resulting in significant reduction of CO2 emissions avoided annually, the Project is in line with the updated NDC of Egypt which aims at reducing greenhouse gases (GHGs) emissions from the electricity sector by 80.5 million tCO2 by 2030. The Project will be critical for contributing to meeting the expected large demand for green energy for the national water desalination program and for green hydrogen and adds potential for Egypt to export green energy to other markets, including Europe.
