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17-04-17
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Discussion Starter · #1 ·
Sisi instructs generation of 10,000 MW from solar energy


Electricity Minister Mohamed Shaker on Wednesday said President Abdel Fattah al-Sisi gave strict instructions to generate 10,000 megawatts from solar energy at reduced consumer prices.

This came at the opening of the Second Arab Forum for Renewable Energy in El Gouna on Red Sea, which aims to support and exchange expertise of small and medium enterprises in the deployment of renewable energy.


Edited translation from Al-Masry Al-Youm
http://www.egyptindependent.com/news/sisi-instructs-generation-10000-mw-solar-energy
 

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Why is Sisi giving orders regarding solar, is he a technocrat? Not a good omen for governance in Egypt. Why not a conference with all stakeholders and chart the way forward?
 

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17-04-17
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Discussion Starter · #3 ·
Why is Sisi giving orders regarding solar, is he a technocrat? Not a good omen for governance in Egypt. Why not a conference with all stakeholders and chart the way forward?
Because last month the cabinet drafted a law that would promote coal energy use. It has nothing to do with being technocratic but making priorities above all. Sustainability is a new thing in Egypt and will need to be worked out.
 

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17-04-17
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Discussion Starter · #4 ·
Egypt looking to boost renewable energy production



Finance Minister Hani Kadri Demian: "We are seriously working on adopting any project enabling Egypt to use renewable energy and achieve extreme savings in fuels."

Cairo, Egypt
Egypt is looking to install solar plants and other renewable energy projects to power government buildings, residential areas as well as streets and roads.
wikimedia commons
The Egyptian government is eager to adopt renewable energies for government buildings, streets and roads and residential areas, according to the country’s minister of finance, Hani Kadri Demian.

Demian said in a statement that the government was seriously looking at employing renewable power, smart lighting and energy saving systems in government buildings but added that the country still needed “a comprehensive vision” that also included streets, roads and residential areas as well as an integrated and contractual system.

Demian stressed that the Finance Ministry was ready to allocate "any funds for any budgets" to finance a national project to develop solar energy as a means of powering lighting systems and to replace fossil fuel "as soon as possible."

During a meeting with Shaaban Khalaf, head of the New and Renewable Energy Authority, and representatives of the Ministry of Electricity and the Renewable Energy Authority, Demian asked that studies be conducted on the replacement of traditional lighting systems in governmental buildings, public enterprises and on roads with smart lighting systems powered by solar energy as well as the other renewable energy sources that offered increased energy efficiency and overall savings.

The Finance Ministry's plan calls for a public-private partnership that would also see financing for the project from the private sector in return for gaining a portion of the electricity savings.

Electricity Ministry and Renewable Energy Authority representatives initially asked the Ministry of Finance to provide some EGP 27.8 million (US$3.9 million) in funding to implement the first phase of a solar power installation project for 50 buildings belonging to 15 government ministries.

The government officials are set to hold a follow-up meeting to discuss the role of the private sector in the country's push for greater renewable energy production and the level of compensation private companies could get if they participate in the financing of clean power projects.

Read more: http://www.pv-magazine.com/news/det...le-energy-production_100015191/#ixzz3562roe9o
 

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17-04-17
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Discussion Starter · #5 ·
Egypt: Saudi tourists return to strife-hit country


Saudis are increasingly booking holidays to Egypt in what appears to be the first sign that the country's tourism industry is picking up as relative political stability returns.

According to the Saudi Gazette newspaper, Egypt has long been a favoured holiday destination for Saudi citizens, but since the recent political upheavals they have largely chosen to go elsewhere - and have specifically avoided Cairo. However, one Jeddah-based travel agent confirmed official Egyptian figures that show a rise in the number of Saudis travelling to Egypt.

One frequent traveller said he was now considering taking his first family holiday in Egypt for years. He said that since the Egyptian protests started in 2010, he had only visited Cairo on business, leaving immediately after the job was done, Motea Al-Shanqiti told the Saudi Gazette that "going to Egypt was a risk that I did not want my family to be exposed to... This time, I am going back with my family and planning to spend the whole month of Shawwal [the month after Ramadan] travelling all over Egypt".

Egypt's tourism industry has been hit hard by the political ructions, putting jobs at risk in the four-million-strong sector. According to the Al-Ahram newspaper, overall visitor numbers declined by 22% in April compared to the same period last year, with the biggest fall being in visitors from other Arab states. In an attempt to woo more Saudi tourists, new ferry and direct air services have been introduced this month between the two countries.

Use #NewsfromElsewhere to stay up-to-date with our reports via Twitter.
http://www.bbc.com/news/blogs-news-from-elsewhere-27906327
 

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17-04-17
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Discussion Starter · #6 ·
Egypt reaches first deal to revise gas prices with foreign energy firm


Steadily declining gas production and foreign firms' wariness about any increase in investment have combined with price subsidies and rising consumption to create Egypt's worst energy crisis in decades

Egypt's natural gas exports fell 81% Y-o-Y in April: Report

Egypt's gas production to increase 500 mcf per day
Egypt has agreed to revise the price it pays to buy natural gas to be extracted by German oil and gas group RWE DEA, a move likely to mean higher prices for the state.
Oil Minister Sherif Ismail said on Wednesday that state-run gas company EGAS had reached an agreement in principle with RWE DEA to modify its current Delta concession contract, the first step by the government to fulfill a pledge to provide more attractive terms to foreign firms needed to boost production.

The revisions aim to "strike a balance between the parties to the agreement regarding the costs of drilling, development, and production in these areas", Ismail said.

Though he did not say how the prices would change, he said that the move was in the context of the government's aim of "matching the cost of development of some newly discovered gas fields", suggesting the government would pay companies more for the gas they extracted.

The step would lead to increased investments that could speed up the development of offshore finds, Ismail said.

Fuel-short Egypt badly needs to convince foreign energy firms to boost investments.

Steadily declining gas production and foreign firms' wariness about any increase in investment have combined with price subsidies and rising consumption to create Egypt's worst energy crisis in decades.

The new pricing arrangement will apply only to newly discovered gas, Ismail said in a statement. Egypt's new President Abdel Fattah al-Sisi swore in a new government on Tuesday. Parliamentary elections are expected later in the year.

Political and economic turmoil in Egypt since the 2011 uprising has hurt its ability to offer a good price and dented investor confidence that it can pay.

He said that this "positive step" would be followed by changes to agreements with other foreign companies, particularly those considering developing deep offshore gas finds.

RWE DEA declined to comment.

Egypt relies heavily on gas to generate power for households and industry. Daily power cuts in many cities are expected to continue into the summer months, when consumption peaks.
http://english.ahram.org.eg/NewsCon...hes-first-deal-to-revise-gas-prices-with.aspx
 

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General business news threads in this subforum are for countries that don't have an individual forum.

Cameroon, Rwanda, Libya, Zimbabwe, Eritrea etc.
 
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