Egypt is hosting the Egypt Energy Investment Summit (February 16-18) to discuss the role of DFIs (Development Finance Institutions) and the private sector to fund and build 30GW of electricity generation, transmission and distribution projects that are about to go to tender, and projects which will require additional investments and partnerships to be completed.
The Summit covers central issues including the progress in the renewable energy FIT program, the ‘Build-Own-Operate’ projects and the IPP scheme, showcasing the pro-activeness of government to engage credible investors efficiently and commercially.
Egypt's National Energy Strategy is also 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 El-Sewedy, EGAS, World Bank, AfDB, IFC, EBRD, KfW, the Egyptian Exchange, Schneider Electric, Siemens and ABB.
Commenting on the aims of the National Energy Strategy 2035, Eng. 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”.