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Egypt’s government, regulators and public sector stakeholders will discuss the role of DFIs and the private sector to fund and build 30GW of electricity generation, transmission and distribution projects at the Egypt Energy Investment Summit
The meeting, which will take place between 16-18 February this year at Cairo, will cover central issues including the progress in the renewable energy FIT programme, the ‘Build-Own-Operate’ projects and the IPP scheme allowing the investors to engage with the governemrnt.
Speaking recently about the signing of the Dairut IPP deal, minister of electricity and renewable energy HE Dr. Mohamed Shaker El Markabi said, “Egypt is committed to meeting its energy needs and access to electricity to promote economic growth is an absolute priority.”
Egypt’s National Energy Strategy will also be discussed with stakeholders including: the New and Renewable Energy Authority, EgyptERA, Egyptian Electricity Holding Company participating, as well as the leading private and international investors Elsewedy, EGAS, World Bank, AfDB, IFC, EBRD, KfW, The Egyptian Exchange, Schneider Electric, Siemens and ABB.
South Africa’s department of energy and IPP office will participate at the meeting, sharing experience of their REIPPP Programme and collaborating with Egyptian stakeholders to promote renewable energy development in the country along with discussing any possible role Egypt could play in South Africa’s Gas IPPP Programme.
This could potentially open up a trade corridor between the two nations, drawing in other countries such as Mozambique, Tanzania and Kenya, boosting agriculture, mining and other sectors, increasing energy access and creating opportunities for people across the regions.