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    Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

    Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

    Egypt’s food industries contribute 24.5% of GDP

    Egypt’s food industries contribute 24.5% of GDP

    $36mln contract for construction of Duqm fisheries complex

    $36mln contract for construction of Duqm fisheries complex

    Ministry signs agreement to support Oman’s honey industry

    Ministry signs agreement to support Oman’s honey industry

    Local, Italian companies partner up to establish food retail chain in Egypt

    Local, Italian companies partner up to establish food retail chain in Egypt

    Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

    Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

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      Profits at top Saudi banks jump 17.6% in Q1

      Profits at top Saudi banks jump 17.6% in Q1

      GCC can create 600,000 tech jobs and add US$255 billion to GDP by 2030

      GCC can create 600,000 tech jobs and add US$255 billion to GDP by 2030

      What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

      What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

      New study reveals that UAE is most competitive economy in the Arab world

      New study reveals that UAE is most competitive economy in the Arab world

      Top 10 listed companies in the Middle East

      Egypt’s Trade minister, Hungarian ambassador discuss economic relations

      Egypt’s Trade minister, Hungarian ambassador discuss economic relations

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      Oman Construction Equipment Industry to 2028

      Oman Construction Equipment Industry to 2028

      $36mln contract for construction of Duqm fisheries complex

      $36mln contract for construction of Duqm fisheries complex

      What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

      What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

      Madayn working on major Oman industrial city projects

      Madayn working on major Oman industrial city projects

      Foundation stone laid for new 700-bed hospital is Salalah, Oman

      Foundation stone laid for new 700-bed hospital is Salalah, Oman

      Iraq set to award new Faw Port deals

      Iraq set to award new Faw Port deals

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        Suez Canal expects US$3.5 billion in revenues in H1

        Suez Canal expects US$3.5 billion in revenues in H1

        UAE and Egypt’s consortium to buy African renewables firm Lekela Power

        UAE and Egypt’s consortium to buy African renewables firm Lekela Power

        Fitch revises Saudi Aramco’s outlook to positive from stable

        Fitch revises Saudi Aramco’s outlook to positive from stable

        Investments in renewables in Egypt reach LE6 bn: Official

        Investments in renewables in Egypt reach LE6 bn: Official

        Egypt signs 8 gas exploration contracts worth $934mn over 15 months

        Egypt signs 8 gas exploration contracts worth $934mn over 15 months

        JGC lands $3.7bn Iraq refinery upgradation project deal

        JGC lands $3.7bn Iraq refinery upgradation project deal

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          Coronavirus: UAE conducting human trials for Covid-19 vaccine

          Coronavirus: UAE conducting human trials for Covid-19 vaccine

          COVID-19 vaccine could be available by autumn: Oxford University

          GSK to develop plant-based COVID-19 vaccine with Canada’s Medicago

          Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

          Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

          UAE sends medical aid to Iraq to fight COVID-19

          UAE sends medical aid to Iraq to fight COVID-19

          UAE launches phase III trial of inactivated Covid vaccine

          UAE launches phase III trial of inactivated Covid vaccine

          COVID-19 vaccine could be available by autumn: Oxford University

          COVID-19 vaccine could be available by autumn: Oxford University

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          Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

          Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

          Saudi to be among world’s big leisure tourism hubs by 2030

          Saudi to be among world’s big leisure tourism hubs by 2030

          Qatar’s hospitality sector peaks despite turbulent 2020

          Qatar’s hospitality sector peaks despite turbulent 2020

          Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

          Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

          Staycations to stimulate Qatar’s hospitality sector

          Staycations to stimulate Qatar’s hospitality sector

          Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

          Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

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          Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

          Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

          Egypt’s food industries contribute 24.5% of GDP

          Egypt’s food industries contribute 24.5% of GDP

          $36mln contract for construction of Duqm fisheries complex

          $36mln contract for construction of Duqm fisheries complex

          Ministry signs agreement to support Oman’s honey industry

          Ministry signs agreement to support Oman’s honey industry

          Local, Italian companies partner up to establish food retail chain in Egypt

          Local, Italian companies partner up to establish food retail chain in Egypt

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Trending Tags

          • Business & Economy
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            • Business
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            Profits at top Saudi banks jump 17.6% in Q1

            Profits at top Saudi banks jump 17.6% in Q1

            GCC can create 600,000 tech jobs and add US$255 billion to GDP by 2030

            GCC can create 600,000 tech jobs and add US$255 billion to GDP by 2030

            What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

            What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

            New study reveals that UAE is most competitive economy in the Arab world

            New study reveals that UAE is most competitive economy in the Arab world

            Top 10 listed companies in the Middle East

            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

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            • CES 2017
            • Election Results
            • eSports
          • Construction
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            Oman Construction Equipment Industry to 2028

            Oman Construction Equipment Industry to 2028

            $36mln contract for construction of Duqm fisheries complex

            $36mln contract for construction of Duqm fisheries complex

            What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

            What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

            Madayn working on major Oman industrial city projects

            Madayn working on major Oman industrial city projects

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Iraq set to award new Faw Port deals

            Iraq set to award new Faw Port deals

            Trending Tags

            • Energy
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              • Power & Electricity
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              Suez Canal expects US$3.5 billion in revenues in H1

              Suez Canal expects US$3.5 billion in revenues in H1

              UAE and Egypt’s consortium to buy African renewables firm Lekela Power

              UAE and Egypt’s consortium to buy African renewables firm Lekela Power

              Fitch revises Saudi Aramco’s outlook to positive from stable

              Fitch revises Saudi Aramco’s outlook to positive from stable

              Investments in renewables in Egypt reach LE6 bn: Official

              Investments in renewables in Egypt reach LE6 bn: Official

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              JGC lands $3.7bn Iraq refinery upgradation project deal

              JGC lands $3.7bn Iraq refinery upgradation project deal

              Trending Tags

              • Healthcare
                Coronavirus: UAE conducting human trials for Covid-19 vaccine

                Coronavirus: UAE conducting human trials for Covid-19 vaccine

                COVID-19 vaccine could be available by autumn: Oxford University

                GSK to develop plant-based COVID-19 vaccine with Canada’s Medicago

                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

                UAE sends medical aid to Iraq to fight COVID-19

                UAE sends medical aid to Iraq to fight COVID-19

                UAE launches phase III trial of inactivated Covid vaccine

                UAE launches phase III trial of inactivated Covid vaccine

                COVID-19 vaccine could be available by autumn: Oxford University

                COVID-19 vaccine could be available by autumn: Oxford University

              • Hospitality
                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Saudi to be among world’s big leisure tourism hubs by 2030

                Saudi to be among world’s big leisure tourism hubs by 2030

                Qatar’s hospitality sector peaks despite turbulent 2020

                Qatar’s hospitality sector peaks despite turbulent 2020

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Staycations to stimulate Qatar’s hospitality sector

                Staycations to stimulate Qatar’s hospitality sector

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

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              Egypt to build the largest wind farm in the Middle East

              Egypt Independent

              January 3, 2018
              in Renewable Energy
              0
              In an effort to boost renewable energy in Egypt and establish Egypt as a leading player in environmental development, the Ministry of Electricity and Renewable Energy initiated a LE 5 billion project to build the largest wind farm in the Middle East, locates in the Suez Bay, funding the project through investments of several international entities, reported Al-Ahram Arabic website.
               
              Mohamed al-Khayat, general manager for the Renewable Energy Committee, signed the first agreement to build the wind farm, through funds which will be provided by the European Union (EU), the German Development Bank, and the French Development Agency.
               
              The EU will be providing a €30 million grant in the first phase, out of its total dedicated fund of €115 million. The German Development Bank, meanwhile, will be supporting the project with a €72 million loan. The French Development Agency will be providing a €50 million loan.
               
              Khayat told Ahram Arabic that the wind farm “comes as part of the Electricity and Energy Minsitry’s plan to increase the reliance on renewable energy when producing electricity.” He added that the Suez Bay project is the first of many.
               
              Khayat also explained that the committee established an “atlas” to determine the best places for new projects, by measuring wind speed. The Egyptian climate, he says, makes it an excellent candidate for developing wind power due to its geography.
               
              On another note, the Renewable Energy Committee is conducting negotiations with a number of Egyptian banks to provide a LE 1 billion fund for several solar energy projects under 500 Kilowatt. Rooftop solar energy projects in particular have been focused on, and it is hoped they will encourage citizens to establish solar items on their rooftops to provide for their own electricity needs and sell the remaining electricity to companies.
               
              This all comes as a part of a wider plan to establish Egypt as a major player in renewable energy.
               
              Traditionally, Egypt has depended on oil and gas as a main supply of energy, leading to a lot of problems such as pollution and inefficiency, in addition to the obvious pressing matter that these are non-renewable energy sources. Subsequently, it has put Egypt at a constant risk of running out of energy sources.
               
              Fortunately, Egypt is a strong candidate to become a renewable energy-dependant country since it has an abundance of land, sunny weather, and high wind speeds. More specifically, it has excellent wind on the Suez Gulf with an average wind speed of 10.5 m/sec.
               
              Egypt is also one of just 38 countries in the world with a published National Wind Atlas, according to export.gov, a US Department of Commerce website designed in collaboration with 19 US Government agencies to direct investors to strong investments.
               
              Wind energy is expected to take a central role in providing energy for the country in the near future. According to the Egyptian government official exports website, Egypt intends to supply 20 percent of its generated electricity through renewable energy sources by 2022: with 12 percent from wind, 5.8 from hydro-power, and 2.2 percent from solar energy.
               
              The New & Renewable Energy Authority (NREA) plays a strategic role in the government’s renewable energy plans. It currently has approximately 500 MW of wind power plants in operation and 1,340 MW under implementation and development. It is also expected to contribute substantially to the rapid expansion of wind power capacity.
               
              There are three privately owned independent power producers (IPPs) with total generation capacity of about 2.5 GW, which started operations in 2002-2003 under 20-year long power purchase agreements with EEHC, according to export.gov.
               
              The concept of renewable energy is not a new one in Egypt. In 1986, Egypt’s New & Renewable Energy Authority (NREA) was established to act as the national focal point for expanding efforts to develop and introduce renewable energy technologies on a commercial scale. Since then, a number of governmental organizations have been established to help promote and develop policies facilitating the growth of the renewable energy industry.
               
              The primary sources of such policy are the Ministry of Electricity and Energy (MOEE), which holds a monopoly over the generation of, transmission, and distribution of electricity, along with the Supreme Council for Energy (SCE) – with the latter reporting directly to President Abdel Fattah al-Sisi.
               
              The Egyptian Electric Utility and Consumer Protection Agency (EEUCPA) is the industry watchdog,  and it is responsible for licensing and sector monitoring.
               
              Despite all these established institutions, renewable energy never held a priority position that reflects its importance to energy development in Egypt.
               
              The first groups of wind farms in Egypt were built in 2001, totaling approximately 430 MW. They generated 4 Billion KWh of electricity and saved approximately 900,000 T.O.E of fuel.
               
              A beacon of light for the industry appeared as the development of renewable energy took a more central discussion in government conversation and discourse over the 2000s, but the events of 2011 and the subsequent political uncertainty have slowed progress in the renewable energy sector.
               
              Egypt Independent 
              03/01/2017
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