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Egypt’s Elsewedy awarded contract to build wind power stations

Egypt-based Elsewedy Electric, the Arab world’s biggest listed cable maker, has said it has been named by the government as the winner of a tender to build six wind power stations, Reuters has reported. The tender for the wind power stations on the Red Sea coast with a capacity of around 100 megawatts (MW) each would involve it building, owning and operating them, as well as selling the power they produce for 25 years, Elsewedy said. The company has a wind turbines assembly factory with 240 megawatts production capacity, which it expects to double within five years