ACWA Power Consortium and Egyptian Electricity Transmission Company (EETC) have signed a 25-year Power Purchase Agreement with a total investment value of US$1.5 Billion for the development/construction/operation of a 1.1 GW Wind Power Plant Project. EETC acts as the sole off-taker. ACWA Power Egypt and Hassan Allam Utilities Consortium represented by the Suez Wind Energy Company (the project company) and Egyptian Electricity Transmission Company (EETC) have signed a 25-year BOO base Power Purchase Agreement with a total investment value of US$1.1 Billion for the development/construction/operation of a 1.1 GW Wind Power Plant Project. EETC acts as the sole off-taker for the project.
The SWE project will be located in Ras Ghareb city- Red Sea Governorate- Egypt over 2 equal plots each will be 550 MW, 69 WTGs with a collector substation.
The SWE project is set to deliver highly efficient performance and be capable of powering 1,080,000 homes with clean energy, while offsetting nearly 2.4 million tons of emissions per year.
In addition to the SWE project contributions to reinforce the national electricity grid, the project company will be committed to follow and implement a dedicated local community investment plan within Ras Ghareb region.
Below is a list of the SWE project environmental studies and assessments performed to ensure the project full environmental and social compliance:
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