"Narrative Summit" Releases 2025 Recommendations to Cement Egypt's Position as a Global Tourism Destination    Egypt, S.Arabia step up trade ties through coordination council talks    Egypt reviews progress on $200m World Bank-funded waste management hub    Egypt urges Israel to accept Gaza deal amid intensifying fighting    Egypt, ADIB explore strategic partnership in digital healthcare, investment    SCZONE, Tokyo Metropolitan Government sign MoU on green hydrogen cooperation    Egypt welcomes international efforts for peace in Ukraine    Al-Sisi, Macron reaffirm strategic partnership, coordinate on Gaza crisis    Contact Reports Strong 1H-2025 on Financing, Insurance Gains    Egypt, India's BDR Group in talks to establish biologics, cancer drug facility    AUC graduates first cohort of film industry business certificate    Egyptian pound down vs. US dollar at Monday's close – CBE    Egypt's FM, Palestinian PM visit Rafah crossing to review Gaza aid    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egypt, Namibia explore closer pharmaceutical cooperation    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt to inaugurate Grand Egyptian Museum on 1 November    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    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    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    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    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.



Voltalia plans to invest $800m in renewable energy projects in Egypt
We aim to establish solar power plants, wind farms with capacities up to 800 MW, says regional director
Mohamed Farag Published in Daily News Egypt on 15 - 07 - 2018

French company Voltalia plans to pump $800m to invest in the new and renewable energy sector in Egypt in five years.
Emad Ghaly, the company's regional director, told Daily News Egypt that they put a plan to build solar power plants in Egypt with capacities up to 300 MW, next to wind farms with a total capacity of 500 MW with investments of $700-800m.
He added that Voltalia agreed with a number of French banks to finance the projects planned, and seeks to expand the implementation of solar and wind stations in West Nile and Gulf of Suez.
The company has contracted with the Egyptian Electricity Transmission Company (EETC) and the New and Renewable Energy Authority (NREA) to launch a 25 MW solar power plant within the feed-in tariff projects in Benabn, Aswan, with plans to increase capacity in the coming days by buying troubled companies.
The government launched the renewable energy feed-in tariff programme in 2014 to establish projects to produce electricity from wind farms and solar power plants with a total capacity of 4,300 MW, with investments of $7bn. This includes 2,300 MW from solar power, including 300 MW from plants that produce less than 500 kW. In addition, the program includes 2,000 MW from wind farms.
Ghaly said that Voltalia is ready to implement new and renewable power plants, and is currently competing for a number of tenders recently offered by the NREA and EETC.
The government allocated 7,650 sqkm for the NREA to set up projects to produce electricity from the sun and wind either by itself or by making it available to the private sector.
The total area allocated to the wind projects in the Gulf of Suez is 1,220 sqkm, sufficient to produce 3,550 MW, 841 sqkm in East Nile to build projects with capacity of 5,800 MW, and 3,636 sqkm in West Nile for wind projects.
A total of 606 sqkm were allocated west of the Nile for the construction of solar energy projects and about 1,290 sqkm in East Nile for the construction of solar power plants.

Clic here to read the story from its source.