The Electricity Ministry should be signing the contract with Toyota, JD France, and Orascom for the 250 MW wind farm in the Gulf of Suez within weeks, now that it has finished amending contentious clauses to allow for international arbitration in dispute resolution, Al Borsa reports. The Egyptian Electricity Transmission Company will be purchasing power from the Toyota-led consortium at USD 0.046 per KWh for a period of 25 years, Electricity Ministry officials told the newspaper. Toyota is reportedly close to securing the EUR 250 mn needed to finance the project.

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