Egypt Engages DFIs, Investor on 30GW Projects in February

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Mohamed Shaker El-Markabi

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The Egyptian government is to engage Development Finance Institutions and investors to outline 30GW of energy projects in the country between February 16 – 18

THE Egypt Energy Investment Summit designed to drive forward investments into Egypt’s energy sector will take place from February16 – 18, in Cairo. The meeting will cover central issues including the progress in the renewable energy FIT programme, the ‘Build-Own-Operate’ projects and the independent power projects, IPP, scheme, showcasing the pro-activeness of government to engage credible investors efficiently and commercially.

Speaking recently about the signing of the Dairut IPP deal, Mohamed Shaker El Markabi, minister of electricity and renewable energy, said “Egypt is committed to meeting its energy needs and access to electricity to promote economic growth as an absolute priority”.

Egypt’s national energy strategy will also be discussed with all stakeholders including; the New and Renewable Energy Authority, EgyptERA, Egyptian Electricity Holding Company participating, as well as the leading private and international investors Elsewedy, EGAS, World Bank, AfDB, IFC, EBRD, KfW, The Egyptian Exchange, Schneider Electric, Siemens, ABB to name a few.

Commenting on the aims of the National Energy Strategy 2035, Hatem Waheed, managing director, Egyptian Electricity Utility and Consumer Protection Regulatory Agency, says “Egypt will create a highly competitive and proper environment for new investment in conventional and renewable energy and energy efficiency”.

South Africa’s Department of Energy and IPP Office will participate at the meeting, sharing experience of their hugely well-received REIPPP programme and collaborating with Egyptian stakeholders to promote renewable energy development in the country. South Africa will focus heavily on the future of Egypt’s gas strategy and discuss what role Egypt could play in South Africa’s Gas IPPP Programme, as well the potential for South African coal in Egypt’s massive Coal IPP programme. The scale of this partnership would create a South: East Africa Trade Corridor, drawing in countries such as Mozambique, Tanzania and Kenya, boosting agriculture, mining and all sectors, increasing energy access and wealth for billions of people across the region.

“This is such an important meeting, we hope that our long standing partners will take advantage of the platform and contribute to this unparalleled opportunity for energy investors.”

— Jan 26, 2016 @ 17:40 GMT

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