We have some updates on Gabal El Zeit’s sale: Egypt has received five offers from investors interested in buying the country’s 580 MW Gabal El Zeit wind farm, Egyptian Planning Minister Hala El Said told Asharq Business, without revealing the names of the vying bidders.

One step closer: The government has granted an unnamed “international investor” two months to take a decision on whether to go ahead with the purchase, El Said said, adding that she expects the sale to be wrapped up by October or November.

Could it be Actis? Emerging-market private equity giant Actis is in line to acquire the state-owned 580-MW Gabal El Zeit wind farm, a government source told Enterprise last month.

REMEMBER- Egypt is selling off shares in the state-owned 580 MW Gabal El Zeit wind farm along with the state-owned 545-MW Zafarana wind farm, which are on the list of more than 30 companies and assets earmarked for privatization by the government. The sale comes under an ambitious plan by the government to bring in USD 5 bn in investment through the privatization of state-owned companies and assets. A leaked state ownership policy document to the press last month said that a joint committee between the Sovereign Fund of Egypt (SFE) and the country’s Electricity Ministry is negotiating the transaction with potential investors within specific parameters, including a tariff fee of USD 0.24 per kilowatt per hour (kWh), with 25% of it paid in EGP. The document said it expects the agreement to finalize in October this year.