NREA’s pipeline of EUR 500 mn in new projects will produce 520 MW

The New and Renewable Energy Authority (NREA) has projects worth EUR 500 mn in its pipeline in the coming period period with combined production capacity of 520 MW, NREA head Mohamed El Khayat tells Al Mal. The projects set to be carried out include Building a 120 MW at Gabal El Zeit wind farm in cooperation with the Spanish government and a 50 MW solar power plant project in Kom Ombo, funded by The Arab Fund for Economic and Social Development. NREA is also planning to launch a global tender to establish a company to manage wind farm projects by the end of this year, El Khayat said.