Egypt and UAE Sign Agreement for 200 MW Wind Power Plant in Gulf of Suez
New Project to Boost Egypt's Renewable Energy Capacity and Meet 2035 Targets
Egypt and UAE Sign Contracts for 200 MW Wind Power Plant in Gulf of Suez
CAIRO – 17 August 2024: The Egyptian government, the Egyptian-Emirati joint venture Infinity Power and the United Arab Emirates Abu Dhabi Future Energy Company (Master) have signed two contracts for the 200 MW Catalai Min plant. Suez Valakuda.
Under the agreements, the Egyptian cabinet reports, commercial operations are expected to begin in October 2026, forming and financing the Masdar-Infinity alliance project.
The project is poised to raise Egypt’s energy targets to modernize Egypt’s electricity mix.
Egyptian Prime Minister Mustaba Madpouli, Electricity and Renewable Energy Minister Mahmoud Esmat and United Arab Emirates Industry and Advanced Technology Minister Sultan Al Jaber attended the signing ceremony on Saturday.
The signatories of these agreements are Mohamed El-Kait, the head of Egypt’s New and Renewable Energy Authority (NREA), Salah Essat, the head of the Egyptian Electricity Transformation Company, Nair Fouad, the Chief Administration Officer of Infinity Power Company, and Mastar Mohamed Jameel Al-Ramahi, the Chief Administration Officer. .
The milestone was signed a month ago in a meeting between United Arab Emirates officials including Prime Minister Madbouli, Minister Al Jaber and Mastar Chief Administration Officer Al Ramahi. Discussions focused on an Egyptian-Emirati partnership to bring about 4 gigawatts of renewable energy into Egypt’s power grid.
Madbouly notes that Egypt’s daily min curve recently exceeded 37.3 GW for one day during the July peak.
Madbouly immediately in today’s meeting, Al Jaber has repeatedly indicated that within a year of the Egyptian-Emirati cooperation, the Egyptian network should be ready, and the UAE has guaranteed the advancement of gas projects in Egypt as well.
In 2023, the Egyptian government, Masdar, Infinity Power, and Hassan Alam Utilities have entered into an agreement to set aside 10 GW of offshore wind in Egypt for developers, making it the largest in the world, with total investments of $10 billion.
When completed, this amazing wind project is expected to generate 47,790 GWh of clean energy annually, displace 23.8 million tons of carbon dioxide each year, and prevent 9% of Egypt’s annual carbon emissions.
In addition, Catalyst power plays a key role in helping Egypt reach a 42% renewable energy share by 2035, adding $5 billion to the country’s annual natural gas spending.
