Toyota, Orascom, and GD France to sign power purchase agreement for Gulf of Suez wind station in two months

The Egyptian Electricity Transmission Company will be signing a power purchase agreement for the 250 MW wind power station that Toyota, Orascom, and GD France are co-developing the Gulf of Suez within two months, sources at the Electricity Ministry tell Al Borsa. The companies will reportedly be given land for the wind farm in a few days’ time and are approaching financial close for the EUR 250 mn project, the sources added.