Egypt's current account gap narrows, but overall BoP records deficit    Egypt's PM reviews debt reduction strategy, eyes more private investment    Egypt hosts international neurosurgery conference to drive medical innovation    Egypt, India discuss expanding industrial, investment partnerships    World Bank proposes Egypt join new global health initiative    Egypt's EDA discusses Johnson & Johnson's plans to expand investment in local pharmaceutical sector    I won't trade my identity to please market: Douzi    Sisi sends letter to Nigerian president affirming strategic ties    Egypt welcomes 25-nation statement urging end to Gaza war    Egypt, Senegal sign pharma MoU to unify regulatory standards    Egyptian pound ticks down in early Tuesday trading    Famine kills more Gaza children as Israel tightens siege amid global outrage    Kuwait's Crown Prince, Egyptian minister discuss strengthening cooperation    Egyptian Drug Authority discusses plans for joint pharmaceutical plant in Zambia    Egypt's FM seeks deeper economic, security ties on five-nation West Africa tour    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt foils terrorist plot, kills two militants linked to Hasm group    Egypt, Somalia discuss closer environmental cooperation    Egypt exports 175K tons of food in one week    Giza Pyramids' interior lighting updated with new LED system    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt, Uruguay eager to expand trade across key sectors    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    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.



Egypt's Electricity Minister, EIB discuss enhancing cooperation in renewable energy
Published in Daily News Egypt on 08 - 08 - 2024

Mahmoud Esmat, Minister of Electricity and Renewable Energy, met with Guido Clary, the Regional President of the European Investment Bank (EIB), and his accompanying delegation.
The discussion focused on ways to support and enhance cooperation between the electricity sector and the bank, particularly in the areas of electrical interconnection and renewable energy projects.
The meeting was attended by Sabah Mashaly, Deputy Minister, and Amgad Saeed, the ministry's legal advisor.
The meeting reviewed opportunities and areas for joint cooperation between the Ministry of Electricity and Renewable Energy and the bank in various sectors. These include electrical interconnection with neighboring countries, control centers on the distribution network, supporting and developing the unified network, power generation projects, the wind farm at Gabal El-Zeit, upgrading several transformer stations, and numerous other projects aimed at modernizing and developing networks to reduce power losses.
Egypt's Electricity Minister, EIB discuss enhancing cooperation in renewable energy
Esmat highlighted that the bank's participation in financing the sector's projects reflects confidence in the electricity sector's successful project management. This success has been evident through numerous successful joint projects in recent years, which have significantly increased generation capacities and modernized the unified network. He pointed out several upcoming projects, particularly in the distribution network sector, aimed at development, loss reduction, and service improvement.
He affirmed that the state's strategy to increase the share of renewable energy in the electricity mix relies on the private sector to achieve this goal. The state provides all possible facilities, with the electricity and renewable energy sector focusing on diversifying energy production sources, leveraging Egypt's natural resources, and increasing the share of renewable energy in the mix. Additionally, the completion of the Green Energy Corridor project benefits all African countries, positioning Egypt as a central hub for electrical interconnection with Europe.
Clary praised the extensive expertise of Egypt's electricity and renewable energy sector in all fields. He emphasized the importance of the Egyptian experience in collaborating with international financial institutions through developmental projects that address climate change impacts and promote the transition towards a green economy. This represents a significant step towards enhancing cooperation and exchanging expertise.
He confirmed the bank's desire to increase cooperation with the electricity sector in various fields, particularly in increasing the contribution of renewable energy sources such as solar and wind.
This meeting reflects the ministry's commitment to enhancing cooperation with various institutions and organizations, utilizing advanced expertise in renewable energy to promote its use, reduce carbon emissions, and increase private sector participation.


Clic here to read the story from its source.