Saudi Gazette Egypt's renewable energy sector offers $6 bln investment opportunity Egypt continues to mobilize private regional and foreign capital to support the country's renewable energy sector. Wind and solar photovoltaics (PV) under the feed-in-tariff scheme presents an investment opportunity of at least $6 billion to 2018, one of the region's leading investment banks commented Sunday in the build-up to the World Future Energy Summit. Facing growing energy demands and pressure on fuel supplies for conventional energy generation, Egypt is focusing on renewable energy as a viable and effective source to add to the gas-dominated energy mix. Egypt's New and Renewable Energy Authority aims to generate 20 percent of its power from renewables by 2020. Read more: http://english.alarabiya.net/en/business/energy/2016/01/11/Egypt-s-renewable-energy-sector-offers-6b-investment-opportunity-.html Israel National News Egypt's parliament meets, elects new speaker Egypt's parliament on Sunday met for the first time in more than three years, Reuters reported, electing a constitutional expert as its speaker. The new speaker is Ali Abdelaal, a French-educated lawyer who helped draft the constitution and election law, is a member of the "Support Egypt" coalition, an alliance of over 400 MPs loyal to President Abdel Fattah Al-Sisi. As speaker, Abdelaal is now first in the line of succession in case of the death or permanent incapacity of the president, until new elections are held. Read more: http://www.israelnationalnews.com/News/News.aspx/206238 Globes EMG won't cooperate on Tamar Egyptian gas deal EMG wrote to Energy Minister Yuval Steinitz that the Dolphinus deal is illegal under Egyptian law. EMG, which owns the rights to the natural gas pipeline connecting Israel and Egypt, states in a letter sent today to Minister of National Infrastructure, Energy, and Water Resources Yuval Steinitz that exporting gas from the Tamar Reservoir to Dolphinus Holdings in Egypt through EMG's pipeline will harm competition, and the company has no intention of taking any part in it.
