Egypt's Prime Minister and Minister of Housing and Development Mostafa Madbouli - Press Photo
CAIRO - 13 February 2019: Prime Minister Moustafa Madbouli witnessed on Wednesday the signing ceremony of a protocol of cooperation between the Egyptian Electricity Transmission Company (EETC) and Lekela Power company on setting up a 250-megawatt wind power plant under the BOO system in the Gulf of Suez region.
The inking ceremony was attended by Minister of Electricity Mohamed Shaker and Investment Minister Sahar Nasr along with British Ambassador in Cairo Geoffrey Adams.
The cooperation protocol was signed by Chairman of the EETC Sabah Mashaly and CEO of Lekela Power Chris Antonopoulos.
Shaker said that the costs of the project are estimated at about $325 million, adding that the power plant is expected to contribute to producing about 2 billion kilowatts of energy annually.
The project will be operated in June, 2022, he noted.
Such projects are expected to be among the largest direct foreign investments of the private sector in Egypt's electricity sector over the past few years, he pointed out.