German wind energy company Senvion has retracted its bid in the tender for Lekela’s 250 MW Ras Ghareb wind energy plant because of financial difficulties, unnamed sources from the New and Renewable Energy Authority said, according to Al Mal. This leaves Siemens Gamesa and Denmark’s Vestas in the running for the project. The plant is expected to cost EUR 260 mn and will be funded by Germany's KfW bank, the European Investment Bank, the French Agency for Development, and the EU.
More from Enterprise
The National Bank of Egypt and Banque Misr just hiked rates on CDs — moves that could see the EGP gain against the USD
NBE and BM both hiked rates on CDs by 125…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Here’s why “temporary listings” are all the rage right now
The government plans to list Misr Travel and Egoth in…
Kiwe gets Central Bank green light to launch nationwide
The startup is backed by our friends at EFG Hermes,…