A consortium comprising UAE-based Orascom Construction, French group Engie and Japan's Toyota Tsusho Corporation/Eurus Energy Holdings Corporation has been awarded a contract to develop a new 500 MW wind farm in Ras Ghareb, Egypt.

A leading global engineering and construction contractor in the region, Orascom Construction said the project will be implemented on a build-own-operate (BOO) model.

The agreement was signed between the consortium and the Egyptian Electricity Transmission Company (EETC) as the off-taker and the New & Renewable Energy Authority (NREA) as the land owner.

With this milestone in place, the required steps and documentation leading to the start of construction, including financial close, are expected to be complete by the third and fourth quarter of 2019, said the statement from Orascom Construction.

This complements the consortium’s existing 250 MW BOO wind farm, which is currently under construction ahead of schedule and is expected to be commissioned in the second half of 2019, it stated.

Furthermore, this new 500 MW project eclipses the existing 250 MW BOO wind farm as the largest renewable energy project of its type and size in Egypt, it added.-TradeArabia News Service