Utility Scale Solar summit 2017
 
Wednesday, August 23, 2017
Directory Directory Subscribe
Login
 

Egypt to boost use of renewable energy to 22% by 2020

 
 

Please, enter data

Please, enter data

Ahram Online, 20 April 2017

Egypt aims to increase its use of renewable energy to 22 percent by 2020, the country’s investment and international cooperation minister Sahar Nasr told regional director of Norway’s Scatec Solar Morten Langsholdt during a Cairo meeting.

According to an official press release by the ministry, Nasr told Langsholdt that Egypt is keen on achieving sustainable development through the use of renewable energy.

Nasr discussed future investments in Egypt with Langsholdt, who asserted that his company – along with a number of investors including the International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (EBRD) – is keen on providing $3 billion in investments to Egypt under the Solar Feed-in Tariff (FIT) Program.

Egypt has approved feed-in tariffs for renewable energy production, allowing the government to guarantee a certain price for energy produced so as to encourage investment in the renewable energy sector, with tariffs depending on designated production categories.

The Norwegian company is expected to pump $500 million in Egypt in October, according to Langsholdt, who said that 40 solar power plants would be established in Upper Egypt’s Benban village.
The solar plants are to be completed in Aswan by 2018 with a capacity of 1,800 megawatts.

Nasr welcomed Scatec’s investments in Egypt, especially in the solar power field, adding that Egypt is keen on utilizing its massive solar power resources and generating electricity from renewable energy so as to ensure sustainability.

In 2016, Scatec announced a plan to inject $650 million in renewable energy investments in Egypt, establishing five solar energy projects with a capacity of 250 MW, including three in Aswan’s Benban.

Egypt has been aiming to upgrade its power plant capacity and renewable energy projects in order to meet rising power demand and resources. 
Ahram Online
19 April

  COMMENTS
Login to Add Your Comment  (for subscribers) | Subscribe

 

Latest News

Sustainable food for everyone? The challenge of our century
DW Global, 23 August 2017

Worldwide population is expected to grow to nearly 10 billion by 2050 – but agricultural lands won’t be able to follow the same pace. The problem is ...

Read full story
Sustainable food for everyone? The challenge of our century
Egypt's new investment law: F&B sector most alluring to foreign investors
Zawya, 23 August 2017

Egypt's new investment law: F&B sector most alluring to foreign investors
Terex Cranes names Farhat Service Center as Lebanon distributor
Construction Week, 23 August 2017

Terex Cranes has appointed the Beirut-based Farhat Service Center as the authorised distributor for its Demag all-terrain and Terex rough-terrain cranes products ...

Read full story
Terex Cranes names Farhat Service Center as Lebanon distributor
Qatar Airways adds more flights to South Asian capitals
Travel Daily, 22 August 2017

Effective 1 September 2017, the Doha-based carrier will expand its Colombo service from four to five flights per day, while the frequency of its Dhaka route will ...

Read full story
Qatar Airways adds more flights to South Asian capitals
Back to Home Page 2100 --- 0 <><><> 486.....exvideo=0....eximage=0
P 0
BR 17

Utility Scale Solar summit 2017

 
Future Traffic Security
11 - September 2017
Electric Vehicles UAE
26 - September 2017
3rd Annual Smart Parking UAE
27 - September 2017
2nd Annual Future Drainage & Stormwater Networks Dubai
2 - October 2017
Future Play and Playspaces KSA
2 - October 2017
 
  View more  

Market Indecies
 
Saudi SE - 2.32%
Dubai FM - 4.53%
Abu Dhabi SE - 3.99%
Kuwait SE - 1.51%
Doha SM - 8.36%
Muscat SM - 6.18%
Casablanca SE Closed
Bahrain SE - 0.98%
Cairo SE Closed
Amman SE - 1.12%
 

Future Landscape & Public Realm Qatar 2017

Quick Links
  Reports  
  Articles  
  Brochures & Flyers  

Up-coming events
  Food Africa Cairo - 21 April - 23 April 2018  
  Mac Fruit Attraction - 21 April - 23 April 2018  
IFP Group Events Calendar

Magazine sections
  Finance  
  Zoom  
  Growth Markets  
  Regional Overview  
  Editorial  
  Tips and Tricks  
  Spotlight  
  Home Finance  
  Our Meetings
 
  Focus
 
  News
 
  Legal Issues
 

 

               
IFP Corporate
• IFP Emirates
• IFP Lebanon
• IFP Qatar
• IFP Iraq
• REC Saudi Arabia
• IFP China
Lebanon
Energy Lebanon
Project Lebanon
Qatar
Heavy Max
Hospitality Qatar
HQ - Food Qatar
Project Qatar
Qatar StoneTech
Iraq
Energy Iraq - Erbil
Erbil International Fair
Iraq Agro-Food - Erbil
Project Iraq Erbil
Saudi Arabia
Riyadh Motor Show
 
 
  IMC
IFP Group 2017 - © All rights reserved