Scatec
According to the agreement, the station will be built in two phases, with a capacity of 500 MW for each phase.
This comes within the framework of the national strategy to generate clean energy, said the Egyptian Presidency in a statement on the meeting in Egypt.
The session was moderated by Heike Harmgart, Regional Director for the Southern and Eastern Mediterranean at the European Bank for Reconstruction and Development.
The investment cost of the project is estimated at about $5 billion, and it will be implemented in two phases, and production is expected to start in 2025, according to Cabinet Spokesman Nader Saad.
Egypt’s President Abdel Fattah El-Sisi discussed on Wednesday with Raymond Carlsen, CEO of Norway’s Scatec company, chances of cooperation to localize water desalination technology.
