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Orascom Consortium to Build-Own-Operate 500MW Wind Farm

Orascom Development will have a 25% stake in the project and will manage the construction of the wind farm. Orascom Development will have a 25 percent stake in the project and will manage the wind farm construction, the contracting behemoth revealed in a statement to the stock exchange.

Read More: 6 Best Property Investment Tips to Help You Succeed in 2022

The wind farm will be erected within 30 months after the project reaches a financial close.

This new 500MW wind farm triples Orascom Construction’s wind energy capacity to over 750MW and builds on the consortium’s achievement in building Egypt’s first renewable energy Independent Power Producer (IPP) project of this size and type, the Ras Ghareb Wind Farm.

Read More: Property Trends in Pakistan, that are Transforming Real Estate Industry

The 262.5MW wind farm was completed two months early in October 2019 and has been operational since.

Stay tuned to Al Sadat Marketing for updates!

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Al Sadat Marketing is an emerging Real Estate Agency headquartered in Islamabad, Pakistan. With over 10+ Years of experience, Al Sadat Marketing is providing its services and dealing all trending housing societies projects in different cities of Pakistan. Islamabad Projects, Rawalpindi Projects, Gujar Khan Projects, Burhan Projects, and Peshawar Projects etc.

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