Ministry of Electricity to sign MoU with Vestas for 2,200-MW wind farms costing USD2.2 billion
Ministry of Electricity and Renewable Energy will sign a Memorandum of Understanding (MoU) next month with Danish wind turbine manufacturer Vestas to develop wind farms with a capacity of 2,200 MW for USD2.2 billion, according to a government source speaking to Al Borsa. The agreement includes starting off with the development of a 250-MW wind farm upon signing the MoU. The project will follow an EPC+ Finance scheme. (Al Borsa)
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