PM Mostafa Madbouly and his Norwegian counterpart Jonas Gahr Støre witnessed the signing ceremony of a memorandum of understanding (MoU) between the Egyptian Electricity Transmission Company, the New & Renewable Energy Development Authority, and the Norwegian company Scatec ASA, regarding the implementation of a project to produce wind energy with a capacity of 5 gigawatts.
This came within the activities of the 27th session of the Conference of the United Nations Framework Convention on Climate Change in Sharm El-Sheikh, in the presence of Mohamed Shaker, Minister of Electricity and Renewable Energy, according to a press release.
The MoU was signed by Sabah Mashali, Chairman and Managing Director of the Egyptian Electricity Transmission Company, Mohamed El-Khayat, CEO of the New and Renewable Energy Development, and Terrier Belskog, CEO of Norway's Scatec-ASA.
Under the MoU, the Norwegian company and the project company, which will be established in Egypt, will be allowed to conduct the necessary preliminary technical studies and measurements for the plot of land that will be identified to establish a project for a wind power plant with a capacity of 5 GW, where the required studies include climatic measurements, wind speeds and directions, and paths for bird migration, as well as environmental impact studies.
According to the memorandum of understanding, the Egyptian Electricity Transmission Company will, after receiving the necessary data, information and studies from the investor, start conducting studies for connecting the project to the national electricity grid, and sign a joint development agreement for the project, an energy purchase agreement.