The Electricity Ministry has put plans to build a 2 GW wind farm on hold pending further negotiations with Siemens to lower the feed-in tariff to around USD 0.04 per kilowatt from a current EUR 0.053 (USD 0.0593), Al Borsa said on Sunday. The ministry has set lowering the tariff as a condition for it to sign the contract with Siemens, especially now that it has signed a number of power purchase agreements at its desired rate from 250 MW wind farms that will be developed by Toyota, Orascom, and Engie.

Tags: