Germany finances wind-energy power station in Egypt
Egypt and Germany have signed a contract to jointly finance the construction of a wind-energy power station in the Zaafarana area on the Red Sea. The German Reconstruction Bank has offered finance to the amount of 75 million Euros to the project, said Egyptian Minister of Electricity Dr Hassan Younis.
According to him, the project is part of a national drive to utilize wind energy and the station would be operational and connected to the national electricity network by 2007. He mentioned that a Euros 700,000 EU grant was currently funding a wind-farm feasibility study in the Gabal El-Zeit area.