{"id":622925,"date":"2018-10-16T04:36:34","date_gmt":"2018-10-16T04:36:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/16\/correction-9\/"},"modified":"2018-10-16T04:36:34","modified_gmt":"2018-10-16T04:36:34","slug":"correction-9","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/16\/correction-9\/","title":{"rendered":"Correction"},"content":{"rendered":"<p><strong>CORRECTION- The New and Renewable Energy Authority reached out to us to correct a few details that Al Mal <\/strong><a href=\"https:\/\/www.almalnews.com\/Story\/393477\/59\/%C2%AB%D8%A7%D9%84%D8%B3%D9%88%D9%8A%D8%AF%D9%89%C2%BB-%D9%88-%C2%AB%D9%85%D8%B5%D8%AF%D8%B1%C2%BB-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA%D9%8A%D8%A9-%D8%AA%D9%86%D9%81%D8%B0%D8%A7%D9%86-%D9%85%D8%AD%D8%B7%D8%A9-%D9%84%D8%AA%D9%88%D9%84%D9%8A%D8%AF-%D8%A7\"><strong>got wrong last week<\/strong><\/a>when it reported that a consortium made-up of Elsewedy Electric and UAE\u2019s Masdar reached an agreement with the Electricity Ministry to build a wind farm in the Gulf of Suez. First, Elsewedy isn\u2019t new to the project, having joined Masdar and NREA (who were taking it on 50\/50) as a partner in 2017. The project, in which NREA currently holds a 23% stake, is also expected to cost EUR 200 mn and not EUR 300 mn as the newspaper said, and will produce 200 MW of power and not 220 MW. NREA also told us that the reason that work on the wind farm has stalled is a delay in setting the feed-in tariff for the power purchase agreement with the Electricity Transmission Company. The story has been deleted from our website.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CORRECTION- The New and Renewable Energy Authority reached out to us to correct a few details that Al Mal got wrong last weekwhen it reported that a consortium made-up of Elsewedy Electric and UAE\u2019s Masdar reached an agreement with the Electricity Ministry to build a wind farm in the Gulf of Suez. First, Elsewedy isn\u2019t [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-622925","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"e048278d-535d-41bc-bd45-7bdb009dbaea","order":"0","is_powered_by":true,"section_story_id":"7238a260-6295-4571-bc28-8c9eaf98ab06","story_type":"1","photo_url":"","photo_position":"above","related_issue":[622909],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Correction - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/16\/correction-9\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Correction\" \/>\n<meta property=\"og:description\" content=\"CORRECTION- The New and Renewable Energy Authority reached out to us to correct a few details that Al Mal got wrong last weekwhen it reported that a consortium made-up of Elsewedy Electric and UAE\u2019s Masdar reached an agreement with the Electricity Ministry to build a wind farm in the Gulf of Suez. 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The project, in which Elsewedy is partnering with Masdar and\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":632626,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/15\/govt-expected-to-sign-off-on-usd-900-mn-elsewedy-marubeni-masdar-wind-farm-project-this-month\/","url_meta":{"origin":622925,"position":1},"title":"Gov\u2019t expected to sign off on USD 900 mn Elsewedy-Marubeni-Masdar wind farm project this month","author":"enterpriseam admin","date":"15 February 2018","format":false,"excerpt":"Gov\u2019t expected to sign off on USD 900 mn Elsewedy-Marubeni-Masdar wind farm project this month: The Ismail government hopes to sign off on the USD 900 mn development of two wind farm projects planned with the Elsewedy Electric-Marubeni-Masdar consortium, government sources tell Al Borsa. The New and Renewable Energy Authority\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":638929,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/17\/nrea-to-offer-eur-400-mn-wind-farm-to-masdar-under-boo-framework\/","url_meta":{"origin":622925,"position":2},"title":"NREA to offer EUR 400 mn wind farm to Masdar under BOO framework","author":"enterpriseam admin","date":"17 October 2017","format":false,"excerpt":"The New and Renewable Energy Authority (NREA) will no longer partner up with the UAE\u2019s Masdar on a planned wind farm, but will offer the project to Masdar under a build-own-operate framework, sources from NREA tell Al Mal. 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