Cairo- Prime Minister Moustafa Madbouli said Egypt allocated a plot of land for the Norwegian company for renewable energy Scatec ASA to establish a wind energy plant west the Upper Egypt governorate of Sohag.
The production capacity of the 5-billion-dollar plant is expected to reach 5 gigawatts of electricity annually.
The project will help Egypt achieve its goal of getting renewable energy to represent 42 per cent of its energy resources by 2030.
Madbouli said Egypt under the leadership of President Abdel Fattah El Sisi seeks to promote national plans for promoting renewable energy capacities and diversifying energy resources for industrial, agricultural and urban development to cope with international development vis-a-vis climate change and transition to green economy.
This came during the inking of an agreement signed between the Electricity Ministry and Scatec ASA.
Electricity Minister Mohamed Shaker said Egypt has adopted an ambitious programme magnifying new and renewable energy resources and encouraging investment in this domain.
This will help reduce fossil fuel use and cut carbon emissions, Shaker said, noting that this goes in line with the national strategy for climate 2050 to confront climate change and realize sustainable economic growth.
CEO of the Norwegian Company Scatec ASA Terje Pilskog said the west Sohag plant will be one of the largest wind stations in Egypt and Africa.
The project will secure about 8,000 jobs during the construction stage and 300 permanent jobs.
This came after the company’s success in establishing six solar energy station under the Benban Solar plant in Aswan.