Egypt's FEC, TRAIN partner to support food exporters    Spot Gold, futures slips on Thursday, July 17th    Egypt's EHA, Huawei discuss enhanced digital health    Egypt expresses condolences to Iraq over fire tragedy    Egypt, Oman discuss environmental cooperation    Egypt's Environment Minister attends AMCEN conference in Nairobi    At London 'Egypt Day', Finance Minister outlines pro-investment policies    Sukari Gold Mine showcases successful public–private partnership: Minister of Petroleum    Egypt's FRA chief vows to reform business environment to boost investor confidence    Egyptian, Belarusian officials discuss drug registration, market access    Syria says it will defend its territory after Israeli strikes in Suwayda    Pakistan names Qatari royal as brand ambassador after 'Killer Mountain' climb    Health Ministry denies claims of meningitis-related deaths among siblings    Sri Lanka's expat remittances up in June '25    EU–US trade talks enter 'decisive phase', German politician says    Egypt's Health Min. discusses drug localisation with Sandoz    Needle-spiking attacks in France prompt government warning, public fear    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt, France FMs review Gaza ceasefire efforts, reconstruction    CIB finances Giza Pyramids Sound and Light Show redevelopment with EGP 963m loan    Greco-Roman tombs with hieroglyphic inscriptions discovered in Aswan    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    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.



IDA demands the removal of rebar from energy-intensive list
Published in Daily News Egypt on 08 - 07 - 2014

The Industrial Development Authority (IDA) has filed a memorandum to the Minister of Industry and Foreign Trade Mounir Fakhry Abdelnour requesting the removal of rebar manufacture from the list of energy-intensive industries.
Removing it would enable the IDA to approve demands of investors to directly expand rebar rolling mills without approval from the Supreme Council of Energy (SCE).
Ismail Jaber, head of the IDA, said the technical studies conducted by the authority concluded that rebar is not a high-energy consumption industry, and thus there should be no need for requests to be presented to the SCE for approval in order to establish rolling rebar mills.
"There are requests from investors to expand and establish projects for the production of rebar and the market needs this production," said Jaber.
Jaber pointed out that IDA studies on the steel and cement market in Egypt showed the market needs 3 m tons of rebar and nearly 20 m tons of cement from now to 2020 to meet the growing demand. This is expected to increase with government plans for expansion in infrastructure projects.
"Removing rebar from the list of energy-intensive consumption industries means moving it to list (A), or those the IDA approves directly," said Jaber.
The IDA has two lists encompassing all industries, divided into list (A),which are approved directly by the IDA, and list (B), which include intensive-energy consumption industries such as glass, ceramics, chemicals, steel, cement, fertilizer and aluminum and copper. These industries must get approval by the SCE.
Jaber said the IDA sees a need to offer licences to establish new factories to produce steel and cement to meet the expected increase in demand. The IDA has prepared studies and booklets for the issuing of licences, but it will not begin the process until the government provides the mechanism for providing energy to these factories. Jaber said that "in the coming period the direction is to oblige the factories to organise their energy needs themselves."
Jaber said that the rest of the steel factories, which require large quantities of energy to operate furnaces, will remain on the list of high-energy consumption industries.
According to Muhammad Hanafi, Director of the Chamber of Metallurgical Industries at the Federation of Egyptian Industries, the chamber has long requested tat the IDA reclassify the steel industry and distinguish between industries that need large amounts of energy and those that do not, such as rolling rebar, angles, and beams, instead of using the blanket label of "steel."
Ismail said a decision had already been issued by the former Minister of Industry Hatem Saleh (Resolution 119/2013) to determine which steel industries should be considered energy-intensive.
"Adding rebar to the list in the industry minister's decision was a mistake, because rolling rebar does not require large amounts of energy, like angles and beams, which the decision allowed to remain off the list, " said Hanafi. "So the IDA demanded that rebar be removed from the lists to correct this mistake."


Clic here to read the story from its source.