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Press Releases

Reference

1. Term and Amount of Loan

Project NameAmount (Mil. Yen)Interest Rate (% per annum)Repayment Period /
Grace Period (years)
Procurement
ProjectConsulting servicesProjectConsulting services
Gulf of El Zayt Wind Power Plant Project38,8640.3*0.0140/10*40/10*General, untied

* Efforts to solve environmental problems in developing countries are being actively supported by applying a lower than normal interest rate to projects with an environmental focus.

2. Executing Agency

New and Renewable Energy Authority (NREA)
Address: Extension Abbass El-Akkad St., El-Hay El-Sades, Nasr City, Cairo, Egypt
Tel: +20 (2) 271-3176, Fax: +20 (2) 271-7173

3. Planned Implementation Schedule

(1) Completion of project: June 2015- when the facilities go into operation
(2) Issuing of letters of invitation for consulting services (including construction monitoring): April 2010
(3) Tender announcement for procurement package for international competitive bidding on project construction:
Procurement package title: Wind Turbines and Substation Works Package
Release date: October 2011

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