From Niche to National Asset: Inside the Egyptian Golf Federation's Institutional Rebirth    Egypt signs $140m financing for Phase I of New Alamein silicon complex    Egyptian pound edges lower against dollar in Wednesday's early trade    Oil to end 2025 with sharp losses    GlobalCorp issues eighth securitization bond worth EGP 2.5bn    Egypt completes 90% of first-phase gas connections for 'Decent Life' initiative    5th-century BC industrial hub, Roman burials discovered in Egypt's West Delta    Saudi Arabia demands UAE withdrawal from Yemen after air strike on 'unauthorised' arms    Egyptian-Italian team uncovers ancient workshops, Roman cemetery in Western Nile Delta    Egypt to cover private healthcare costs under universal insurance scheme, says PM at New Giza University Hospital opening    Qatari Diar pays Egypt $3.5bn initial installment for $29.7bn Alam El Roum investment deal    Egypt to launch 2026-2030 national strategy for 11m people with disabilities    Kremlin demands Ukraine's total withdrawal from Donbas before any ceasefire    The apprentice's ascent: JD Vance's five-point blueprint for 2028    Health Ministry, Veterinarians' Syndicate discuss training, law amendments, veterinary drugs    Egypt completes restoration of 43 historical agreements, 13 maps for Foreign Ministry archive    Egypt, Viatris sign MoU to expand presidential mental health initiative    Egypt sends medical convoy, supplies to Sudan to support healthcare sector    Egypt's PM reviews rollout of second phase of universal health insurance scheme    Egypt sends 15th urgent aid convoy to Gaza in cooperation with Catholic Relief Services    Al-Sisi: Egypt seeks binding Nile agreement with Ethiopia    Egyptian-built dam in Tanzania is model for Nile cooperation, says Foreign Minister    Al-Sisi affirms support for Sudan's sovereignty and calls for accountability over conflict crimes    Egypt flags red lines, urges Sudan unity, civilian protection    Egypt unveils restored colossal statues of King Amenhotep III at Luxor mortuary temple    Egyptian Golf Federation appoints Stuart Clayton as technical director    4th Egyptian Women Summit kicks off with focus on STEM, AI    UNESCO adds Egyptian Koshari to intangible cultural heritage list    Egypt recovers two ancient artefacts from Belgium    Egypt, Saudi nuclear authorities sign MoU to boost cooperation on nuclear safety    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



$304 mln Allocated By EU To Bolster Egypt's Energy Sector
Doaa Naguib Published in Amwal Al Ghad on 22 - 05 - 2013

Dr Ahmed Al Beltagy, head of energy sector, at the European Commission to Cairo, said the EU has approved allocating $304 million to finance the energy sector in Egypt.
About $ 60 million had been allocated for restructuring Egypt's energy sector, said Al Beltagy, elucidating that the fund aims to restructure the sector's institutional structure and to resume the energy ventures and improve their quality.
He added that the EU also provided $ 2 million to the German Aid Agency (Deutsche Gesellschaft für Internationale Zusammenarbeit- GIZ) to finance the main plan for the new and renewable energy ventures.
Mr. Ahmed Al Beltagy has elaborated that the union also approved a $ 100 million grant to fund the new and renewable energy generation projects, like the plant of generating energy from the wind at 200 megawatt in Gabal Elzeit area, and another project in east Suez Gulf. Moreover, it includes a project of establishing a plant for generating electricity from the sun in Combo City, Aswan, by the system of CBS.
On the same context, Al Beltagy has referred that the EU also allocated € 110 million ($ 142 million) to bolster three projects for the new and renewable energy in Egypt.
The first project is about financing a plant for producing 100 megawatt of solar energy in Kom Ombo, Aswan, and the total costs reach € 700 million, while the EU will contribute with € 50 million only, in addition to the contribution of the World Bank, the African Development Bank, the KfW Bankengruppe, and the European Investment Bank.
Meanwhile, the rest projects are represented in constructing a plant for producing 200 megawatt of the wind energy at € 30 million, in addition to allocating € 30 million in order to finance a plant for producing energy from wind in Gabal Elzeit area.
On the other hand, Eng. Mahmoud Attia, Deputy Chairman of Egypt New & Renewable Energy Authority (NREA), said Egypt is about to construct a number of plants for generating the clean power from wind to produce 550 megawatt annually, moreover, constructing a number of the solar plants at $ 885 million costs.

Clic here to read the story from its source.