Egypt launches industrial cash incentive to draw FDI    Egypt's food exports hit 222,000 tons in week ending 5 Dec. – NFSA    Egypt's pound inches up against dollar in early Sunday trade    Egypt joins Japan-backed UHC Knowledge Hub to advance national health reforms    Eight Arab, Muslim states reject any displacement of Palestinians    SCZONE chair showcases investment opportunities to US institutions, companies    Egypt launches 32nd International Quran Competition with participants from over 70 countries    Al-Sisi reviews expansion of Japanese school model in Egypt    Egypt launches National Health Compact to expand access to quality care    EU drafts central energy plan to fix grid bottlenecks and save billions    United Bank to roll out specialised healthcare financing packages, including green financing: Kashmiry    US warns NATO allies against 'bullying' American defence firms amid protectionism row    Netanyahu's pick for Mossad chief sparks resignation threats over lack of experience    Egypt declares Red Sea's Great Coral Reef a new marine protected area    Egypt recovers two ancient artefacts from Belgium    Egypt assumes COP24 presidency of Barcelona Convention    Egypt, Saudi nuclear authorities sign MoU to boost cooperation on nuclear safety    Giza master plan targets major hotel expansion to match Grand Egyptian Museum launch    Australia returns 17 rare ancient Egyptian artefacts    China invites Egypt to join African duty-free export scheme    Egypt calls for stronger Africa-Europe partnership at Luanda summit    Egypt begins 2nd round of parliamentary elections with 34.6m eligible voters    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt scraps parliamentary election results in 19 districts over violations    Egypt extends Ramses II Tokyo Exhibition as it draws 350k visitors to date    Al-Sisi urges probe into election events, says vote could be cancelled if necessary    Filmmakers, experts to discuss teen mental health at Cairo festival panel    Cairo International Film Festival to premiere 'Malaga Alley,' honour Khaled El Nabawy    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Egypt launches Red Sea Open to boost tourism, international profile    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    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    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    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.



Egypt exports EGP 1bn worth electricity to Jordan, Libya in FY2018/19
EETC is negotiating new 2,570MW renewable energy projects, says Mashaly
Published in Daily News Egypt on 18 - 12 - 2019

Egypt exported EGP 1bn worth electricity to Jordan and Libya in the fiscal year (FY) 2018/19, with the largest share paid by Jordan, a source at Egypt's Ministry of Electricity told Daily News Egypt on Wednesday. The total capacity of power interconnection with Libya and Jordan reached about 800MW.
The source said Egypt's electricity exports are set to further increase after the operation of the power interconnection line with Sudan, increasing power exports to Jordan and Saudi Arabia.
The Ministry of Electricity aims to increase the electrical interconnection with neighbouring countries to about 2,000MW next year, especially with achieving surplus after fulfilling the needs of the local market.
In a parallel context, Sabah Mashaly, chairperson of the Egyptian Electricity Transmission Company (EETC), said that the national grid is being strengthened to turn Egypt into a regional energy hub. The plan also includes boosting existing regional interconnection projects with Jordan and Libya, and accelerate the implementation of other projects with Saudi Arabia, Cyprus, and Sudan.
She revealed the EETC is negotiating with several sides over new renewable energy projects with a total capacity of 2,570MW, including 1,820MW from wind and 750MW from solar energy.
Mashaly added that several power purchase agreements have been signed with renewable energy plants with a total capacity of 2,165MW. The agreements last for 20 years for wind farms and 25 years for solar energy projects.
She stated that the agreements include the purchase of 1,465MW of solar energy from the feed-in tariff projects in Benban Solar Park, 500MW from wind farms operating under B.O.O system, and 200MW of solar energy from other projects.


Clic here to read the story from its source.