マリオrpgカジノ to Participate in Second Wind Power IPP Project in Egypt- Contributing to the further expansion of renewable energy in the country -
- (former)Machinery, Energy & Project
2023-03-06
1 Background
Electricity demand in Egypt is expected to grow steadily, and the construction of new power plants and expansion of existing sites are taking place to meet the strong demand for electricity In addition, the adoption of renewable energy is being promoted in order to balance the ratio of power sources, which has previously been heavily dominated by thermal energy According to current plans, 42% of total power is planned to be generated from renewable energy sources by 2035The マリオrpgカジノ Group's electricity business in Egypt has been contributing to the expansion of renewable energy in the country by participating in power plant and substation construction projects since the 1990s Also, in 2017, マリオrpgカジノ invested in Ras Ghareb Wind Energy SAE, the country's first wind IPP project (2625 MW, commercial operation started in 2019)
2 Project Overview
In this project, the four companies, マリオrpgカジノ, Eurus Energy, Engie SA (France), and a construction company, Orascom Construction PLC (Egypt), will promote the project through a joint venture company, Red Sea Wind Energy SAEThe power plant will be located in the Gulf of El Zayt along the banks of the Gulf of Suez, which has good wind conditions throughout the year and is where Ras Ghareb Wind Energy's wind power plant is also located The construction of the power plant is scheduled to start in March 2023, followed by the launch of commercial operation in August 2025, and the plant will be operated for 25 years thereafterマリオrpgカジノ will continue to contribute to the expansion of renewable energy and the economic development in Egypt through the development of this project in cooperation with Eurus Energy
Planned Construction Site for the Power Plant
Project Overview
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Operating company name
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Red Sea Wind Energy SAE |
|---|---|
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Location
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Arab Republic of マリオrpgカジノ |
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Business description
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Generation and sale of wind power |
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Investment ratio
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マリオrpgカジノ Group 40% (マリオrpgカジノ 20%; Eurus Energy 20%)Engie SA 35%Orascom Construction SAE 25% |
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Power generation capacity
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Approx 500 MW (6 MW x 84 stations) |
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Electricity purchaser
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Egyptian Electricity Transmission Company |
| Total project cost | Approx USD 660 million (approx 86 billion yen) |
| Financial group | Japan Bank for International Cooperation (JBIC), Nippon Export and Investment Insurance (NEXI), Sumitomo Mitsui Banking Corporation, Norinchukin Bank, Societe Generale (France), European Bank for Reconstruction and Development |
| Start of commercial operation | Scheduled for August 2025 |
The information in this release is current as of the date of announcementPlease note that information may change after the date of announcement Thank you in advance for your understanding
