EETC to sign power purchasing agreement with Siemens Gamesa within weeks

The Egyptian Electricity Transmission Company (EETC) is set to sign a power purchase agreement (PPA) with Siemens Gamesa for two wind farms generating 180 MW and 320 MW within weeks, sources told the local press. The Madbouly Cabinet had signed off on Thursday on the EETC to sign the PPA at a tariff ranging between EGP 0.031 and EGP 0.038 /kWh, according to the wind speeds in the area where the stations will be constructed.