We support Egypt in the transition to clean energy: Director-General
Latest by Mohamed Farag
The project was implemented through a partnership agreement between Jushi and Inara Capital, a leading renewable energy company, which is one of the economic zone’s partners in green hydrogen projects.
Engineer Mohamed Khalil — Head of the Technology and Systems Sector at the Administrative Capital for Urban Development — said that Giza Systems will establish an integrated model for transportation systems and smart traffic for urban communities for the first time in Egypt.
Moataz Kandil, regional director of FFI in the Middle East and North Africa, said that the legislation and regulations governing investment in green energy in Egypt contributed to achieving a major leap in clean energy projects in Egypt, and the company seeks to cooperate and invest in renewable energy projects and green hydrogen production.
It is expected that these targets will be achieved by two mechanisms: the first is selling electricity to the private sector – the owners of electric vehicle charging units – and getting paid in advance. The second mechanism is to sell electricity directly to EVs, according to an official.
Price of one million thermal units of gas may reach $30 if exported
A source in the government told Daily News Egypt that the project’s contracts will be awarded within a week, with the aim to start operation by November when Sharm El-Sheikh hosts the climate summit (COP27).
Informed sources told Daily News Egypt that the consumption bills for July increased by 17-30% due to the increase in citizens’ consumption. The governorates of Giza, Cairo, and Alexandria had the highest rates in the household sector.
FY2019/20 was Egypt’s best year in terms of producing hydropower, as production reached 15,000 GWh, and it was a big jump in production at the time from FY2018/19’s 13,100 GWh, according to official data obtained by Daily News Egypt.
Moreover, a website was launched to allow companies wishing to participate in the project to register.
Egypt participates in an initiative for power interconnection between Arab countries, in an attempt to create a pan-Arab electricity market. Egypt is highly represented in the project, whether in the Executive Office (head of the office), and the Committee of Electricity Experts in Arab Countries (head of the committee), in addition to a specialized team from the Electricity Holding Company.
Akh Gold, a subsidiary of Altus Strategies, signed a $4.1m agreement with the Egyptian government to search for gold in nine areas in the Eastern Desert.
According to World Bank estimates, the environmental degradation resulting from air pollution costs Egypt about 5% of the annual GNP, or about $2.4bn annually.
Furthermore, Shaker mentioned that with the completion of the interconnection between Egypt and Saudi Arabia and the completion of similar projects with the countries of the Gulf Cooperation Council, Egypt will be linked to the Arabian Gulf and approximately 98% of the Arab electricity system, allowing the establishment of an Arab electricity exchange and a unified market.
The event will focus on the green transformation in Africa and ways to reduce emissions through discussions and a forum that will include representatives of a number of African embassies, governments, and institutions.
This is compared to the 157.7bn kWh purchased in the current FY.
This will be done through the establishment of an electronic platform that contributes to reducing energy consumption, predicting faults, and handling operating errors.
It also establishes water desalination plants and implements plants for waste recycling and energy production, as well as drilling wells and providing equipment and machines used in such projects.
The Egyptian delegation visited a number of projects affiliated with the Tunisian Electricity and Gas Company, as well as a number of sites that include solar heaters, and the National Agency for Energy Control.
The NPPA conducts other studies, including the establishment of other nuclear power plants in the Nujaila area, other than the Dabaa plant, which is currently under development, a senior official in the NPPA told Daily News Egypt.
New proposal to review electricity prices every six months due to changes in production cost
Plan includes underground energy projects, electric cars
Total 5,200 km of land allocated to energy projects after deducting encroachment
Government sources told DNE that those companies began preparing technical, financial, and legal studies of their projects by hiring consultants to put an integrated plan before signing framework agreements in November.
Officials of the Authority held intensive meetings over the past weeks to discuss accelerating the approval of the new boom of wheat that was devised within the nuclear research centres, which contributes to increasing wheat productivity by 33% over the local product, according to Ayyad.
Wael Al-Nashar, Chairperson of Onera Systems, believes that the government should issue additional incentives to companies working in the field of installing solar systems so that they can continue their business.
The NREA seeks to utilize the allocated lands before launching new projects. The timeframe for these projects is 8 to 10 years, within the framework of the government’s plan to expand clean energy projects.
Forty countries have recently turned to using geothermal energy in direct applications for agricultural production, and Iceland, Costa Rica, El Salvador, Kenya, New Zealand and the Philippines get more than 10% of their electricity needs thanks to natural heat.
The main objective of the decision is to open the way for farms consuming large amounts of electricity to implement solar irrigation plants with a net-metering system, especially since this system did not exist before for farms, and solar-powered irrigation pumps were being implemented that were not connected to the network, according to informed sources who spoke with Daily News Egypt (DNE).
The projects are implemented by many international companies specialized in the field of renewable energy. The projects are under development, including 78% for wind power plants in the Gulf of Suez region, and 22% for solar power plants.