Egypt's anti-drug body launches new awareness phase in Maspero Triangle    Agiba Petroleum starts production from Arcadia-28 at 4,100 BOE/day    Minister El-Shimy pushes for stronger returns, partnerships in real estate, construction sectors    Apparel, textile chambers engage with Chinese delegation to explore investment opportunities in Egypt    Egypt reviews health insurance funding mechanism to ensure long-term sustainability    Obama calls for aid access to Gaza, says 'no justification' for withholding food    Gaza on verge of famine as war escalates, ceasefire talks stall    Gaza crisis, trade on agenda as Trump hosts Starmer in Scotland    Egyptian president follows up on initiatives to counter extremist thought    Egypt's SCZONE eyes deeper investment, port digitalisation ties with Singapore    Egypt's gold prices slip slightly on July 28th    Egypt's Housing Min. reviews HDP marketing plan    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Sudan's ambassador to Egypt holds reconstruction talks on with Arab League    I won't trade my identity to please market: Douzi    Egypt welcomes 25-nation statement urging end to Gaza war    Sisi sends letter to Nigerian president affirming strategic ties    Egypt, Senegal sign pharma MoU to unify regulatory standards    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    Egypt foils terrorist plot, kills two militants linked to Hasm group    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    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    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.



NREA should be separated from Electricity Ministry: CES founder
Published in Daily News Egypt on 06 - 03 - 2019

The government's plan to turn Egypt into a regional energy hub is a good initiative, but needs two things, first enhancing the electricity grid with more substations to be able add more renewable energy projects, the second thing is having a clear regulatory framework to attract more investors to the local market and that can easily be done by learning from international successful business models, Yasser El-Shazly, executive director and founder of Complete Energy Solutions (CES), told Daily News Egypt.
El-Shazly was one of the speakers at the Solar Show MENA 2019 held in Cairo. The show is the region's leading renewable energy conference and exhibition for policy-makers, utilities, local industry tycoons, and international technology experts to meet and discuss the most notable trends and important issues in the sector.
The future of energy sector in Egypt has opportunity to grow and flourish, El-Shazly said, adding there are yet some things that need to be implemented.
"The New and Renewable Energy Authority (NREA) should be separated from the Ministry of Electricity, with a clear framework that applies to all aspects and ensures faster responses from the government to investors' enquirers," he stated.
El Shazly sees the interest in generating renewable energy will continue. "It is not just a trend, I think in the two or three coming years, we will see better batteries and storage technology in the market, because that what it needs, as energy storage plays a significant role in renewable energy sector."
"If we don't have energy storage that comes out cheaper than the current prices, Solar PV projects will struggle, in the other hand with abundance cheap storage technology the sector will boosted." he added.
El Shazly thinks the reliance on oil and gas, as the main source of energy, needs to be decreased, however, they will continue to exist in the coming fifty years. "I believe that we have many options to reduce Carbon dioxide emission, such as implementing new technologies and green energy initiatives," he added.
CES is an EPC (Engineering, procurement, and construction) contractor for Solar PV, working in Egypt, Jordon, and the UAE. The firm has completed 55MW solar parks in Egypt, including the country's first large-scale 10MW solar plant in Siwa Oasis in 2015, a 15MW project in the Red Sea governorate, and a 20MW grid-connected solar park for agricultural farms near Toshka lakes in 2016.
The company is currently working on a 100MW project that should be completed by the end of April as a part of Benban solar park, the world's largest solar farm with a planned total capacity of 1800MW. The company invests in Egypt between $40-45m.


Clic here to read the story from its source.