Yet more foreign investment in our wind power? Three unnamed firms hailing from the Arab world and China are looking to invest USD 600 mn to build wind farms here, Al Borsa quotes unnamed government sources as saying. The firms are expected to submit official offers within weeks, in hopes of breaking ground on the projects in 1Q 2024, the sources said.

More interest in Zafarana: The companies are interested in acquiring part of the Zafarana wind farm, according to Al Borsa’s sources.

Remember: A further stake in Zafarana will be offered to international investors in addition to the portion that the government has in principle agreed to sell to multinational shipping giant Maersk. Zafarana, along with the Gabal El Zeit wind farm, is up for a partial sale under the government’s rebooted privatization program.

We have tons of private-sector led wind projects in the pipeline: Private players — among them an Orascom Construction-led consortium, the Masdar-Infinity-Hassan Allam consortium, Acwa Power, and Scatec — have lined up a whopping 28 GW of fresh wind projects in Sohag governorate alone.

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