The Egyptian Electricity Transmission Co. will this month sign a deal to purchase wind energy of 1,100 megawatts from Saudi Arabia’s ACWA Power.

Sources at the EETC said that the project would cost over $1.2 billion and would be implemented in stages. According to the sources, the EETC will pay 2.85 cents per kilowatt-hour.

The Egyptian Cabinet had agreed to proceed with talks for the Saudi company to replace the Hanadi village, Luxor governorate project that has a current total capacity of 2,250 megawatts.