An EGP 2.7 billion contract will be signed by the end of 2010 for buying needed turbines for the 200 megawatts wind farm in Gabal el-Zeit, Egyptian Electricity Minister Hassan Younis said.
Germany’s KfW Bank and the European Investment Bank will contribute to the project.
The government seeks to depend on renewable energy in producing 20 percent of its energy by 2020, he said. The project is scheduled to start operation in mid-2013.
It is worth mentioning that, the Electricity Minister Hassan Younis returned home wrapping up a several days’ visit to Syria.
During the visit, Younis held talks with senior Syrian officials on means of fostering cooperation in the various domains.