The Electricity Ministry has reached a power purchase agreement with Siemens Gamesa over its planned EUR 2 bn, 2 GW wind power plant, and is now waiting on cabinet approval for the company to begin work, local press reported. Siemens will build the plant under a build-own-operate (BOO) scheme and will sell electricity at USD 0.032 KWh to USD 0.034 KWh, sources told the local press. Siemens Gamesa has selected a consortium of Elsewedy and Marubeni to launch the first phase.

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