The New and Renewable Energy Authority (NREA) is planning to establish what it says is the country’s first company specialized in the operation and maintenance of wind-powered energy projects, an authority source tells Al Mal. The authority wants to hold a minority stake in the company and plans to partner with a major player in the field. Global companies like Siemens Gamesa and Vestas have made offers to establish the company, but NREA chose instead to go with a tender, according to authority chief Mohamed El Khayat. NREA will own 30% of the company, while the remaining 70% will go to the winning bidder, he adds. International engineering company Lahmeyer Group has been tapped to advise on establishing the company, which is reportedly expected to take place sometime this year.

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