Under the auspices of Egypt's Ministers of Petroleum Resources and Electricity and Energy Eng. Sherif Ismail and of Eng. Ahmed Emam; the ‘Future and Investment Opportunities in New and Renewable Energy Conference' kicks off today in Cairo, to be from February 17-18. The Egyptian Ministers of Electricity, Petroleum, Civil Aviation and Environment have inaugurated the two-day conference Monday morning. The conference brings together a wide range of renewable energy industry players, such as government authorities, officials, experts and companies working in the field of renewable energy in production, supplies, management, as well as companies and institutions that will benefit from the use of new energy and its resultant lower costs and greater compliance with environmental standards. In addition, Ann Bacher, Regional Senior Commercial Officer at the U.S. Embassy in Cairo, and Yuichi OBA - Economic Counselor of Embassy of Japan in Cairo will be among participants during the first session to discuss the Egyptian - Japanese cooperation prospects in the field of new energy, the Japanese experience in clean energy and the US experience in renewable Energy as well. The conference aim is to inform participants about the new technology used in renewable energy, and also about companies operating in different energy fields such as solar, wind, waste and shale oil. Organized by Business Media Group – BMG, the conference will discuss the major challenges facing the sector's growth, which includes fair pricing in production, as well as providing incentives, guarantees, and legislation that will help in increasing the pace of growth in producing the renewable energy, and meet increasing local demand at the same time. The latter will be of particular importance during times in which traditional energy faces supply cuts and the huge finance requirements which increase the pressure on the Egyptian budget deficit, which lies above EGP 240 billion.
