Saudi-based energy firm ACWA Power has plans to build wind power station project in West Sohag to produce 10 gigawatts at a total investment cost of about $10 billion.
The firm is in talks with the Egyptian Ministry of Electricity to discuss ways about the implementation stages of the wind power plant project in West Sohag, southern Egypt.
“The wind power station project in West Sohag is gigantic and will be implemented in several stages. The Egyptian government has allocated the land,” said the official, talking to a local daily.
The official added that the first phase of the project may be around 25 percent of the total targeted capacity, with an investment cost of $2.5 billion. “Technical studies related to wind are currently underway, followed by financial closure studies for project financing,” said the official.
It may be noted that ACWA Power’s investments in Egypt amount to about $2 billion, distributed among solar and wind energy stations, with plans to inject new investments into water desalination projects.
“The company is interested in the rehabilitation studies for these stations, which the Egyptian government intends to offer in the future. Once any opportunity in this regard arises, we will pursue it along with green hydrogen,” the official stated.