NREA reviews Vestas’ bid for 250 MW Ras Ghareb wind plant

The New and Renewable Energy Authority (NREA) is reviewing the offer Denmark’s Vestas submitted in the tender to build a 250 MW wind energy plant in Ras Ghareb, and will make a decision within weeks, sources told the local press. Vestas is currently the only company bidding for the contract, after other bidders had either retracted their offers or were not notified of its new date. The plant is expected to cost EUR 260 mn and is being built for Lekela Egypt, which will operate it under a build-own-operate framework.