Egypt’s Minister of Environment, CBE governor discuss support for ways of converting waste to energy

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Sun, 07 Feb 2021 - 01:37 GMT

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Sun, 07 Feb 2021 - 01:37 GMT

Garbage bins for recycling- CC via Libreshot

Garbage bins for recycling- CC via Libreshot

CAIRO – 7 February 2021: Egyptian Minister of Environment Yasmine Fouad met with Governor of the Central Bank Tarek Amer to discuss financial support for projects of converting waste to energy, especially with the launch of the first phase of this initiative, which includes projects of 8 companies in 8 governorates at a cost of $ 325 million to $ 390 million in investments, according to a statement from the ministry on Sunday.
 
The Minister said that providing financing packages for projects that convert waste to energy was one of the most important requests of companies investing in this field because of the high cost.
 
Egypt’s new waste system is being implemented on 3 tracks: the infrastructure for the system collecting, transporting and recycling the garbage, then the legislative regulations that guarantee the sustainable management of the system, and then through among the follow-up and control role, the minister continued.
 
In August 2020, Egypt’s House of Representatives approved the draft law that regulates waste management. The law stipulates that any producer shall be responsible for dealing with the  waste of the company’s consumed products to recycle it.
 
25 percent of the mortgage tax revenues that given to every governorate shall be allocated for the waste management activities. The law prohibited burning agricultural waste, dumping it in waterways or disposing of them in places rather than dumps designated for it.
 
Manufacturers would increase the percentage of recyclable inputs to limit rate of industrial waste. The Article 29 of the law stipulates that it is impermissible to practice the activities of the integrated management of non-hazardous waste without obtaining a license. Illegal landfills should be closed nationwide in two years, the law provides.
 
He who deliberately violates the law’s provisions shall be punished by imprisonment for five years maximum. If the violations resulted in the injury of a person with a permanent disability, the violator shall be punished by 5 to 7 years in jail. The penalty shall be life imprisonment if the act results in the death of three or more persons.
 
He who releases dangerous materials or waste the territorial water or in Egypt’s exclusive economic zone shall be punished with life imprisonment and a fine of not less than LE 5 million and not more than LE25 million.
 
 
 

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