Engie Wins $400 Million Wind-Power Contract in Egypt
31 Octobre 2017 - 1:50PM
Dow Jones News
By Nathan Allen
French energy company Engie SA (ENGI.FR) said Tuesday that it
has won a contract to build, own and operate a $400 million wind
farm in Egypt as part of a consortium with Toyota Tsusho Corp.
(8015.TO) and Orascom Construction Ltd. (ORAS.CI).
The wind farm will be located on the Gulf of Suez and will have
a generation capacity of 250 megawatts, Engie said, adding that it
expects construction to start at the end of the year and take
around 24 months to complete.
The energy will be sold to the Egyptian Electricity Transmission
Company under a 20-year contract, Engie said.
"For our group it is an opportunity to scale up our presence in
a strategic country with a long-term contracted asset guaranteed by
the government," said Engie Africa Chief Executive Bruno
Bensasson.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
October 31, 2017 08:35 ET (12:35 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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