Egypt and Japan International Cooperation Agency (JICA) signed a contract on Thursday to set up a 200-megawatt wind farm in Gabal el-Zeit area in the Gulf of Suez at a total cost of EGP 1938.9 million.
The project will be finalized in 35 months and funded by a soft loan granted by JICA, said Electricity Minister Mohamed Shaker who attended the signing ceremony.
Shaker added that all environmental studies of the project have already been finalized.
The project, to be linked to the national power grid, aims at diversifying energy sources in Egypt by depending more on renewable energy.
The new wind farm has 100 wind turbines with two megawatts each.
Egypt seeks to attain 20% renewable energy objective by 2020.