energy
The plan's duration is between 2024 and 2027.
The study stated that Egypt pays great attention to the energy sector, out of its belief and awareness of its vital and effective role as a primary driver and indicator of economic growth, bearing in mind that the implementation of an integrated and sustainable energy strategy is one of the most important pillars of economic and social development.
The two chiefs of state also tackled the escalation in Gaza.
Scatec and the Suez Canal Economic Zone (SCZone) also signed a memorandum of understanding (MoU) worth $1.1 billion
Driving Energy Transition, Security, and Decarbonisation: Egypt Energy Show (EGYPES 2024)
Driving Energy Transition, Security, and Decarbonisation: Egypt Energy Show (EGYPES 2024)
This came at the first follow-up report of the NWFE program, launched by the Ministry of International Cooperation, on the occasion of the one-year anniversary of the launch of the NWFE program, the link between water, food and energy projects.
Egypt relies on imports of Israeli gas to meet a portion of its domestic demand, as well as for re-export purposes.
Both companies will begin studies on a project to export electricity from renewable energy from Egypt to Europe via a Mediterranean Sea line.
Under the energy pillar, the NWFE program endeavors to leverage innovative financing solutions encompassing grants, debt swaps, technical assistance, credit guarantees, private sector investments, and concessional development funding.
These plants will utilize natural gas as their primary fuel source, aligning with Egypt's commitment to reducing carbon emissions
CEO of Eni, Claudio Descalzi, said in a Sunday meeting with President Abdel Fattah el-Sisi that the Italian energy company and its partners will inject new investments worth $7.7 billion over the next four years in Egypt.
The Egyptian government plays an important role in the production of green hydrogen in cooperation with the private sector.
Studies are also being conducted to accomplish electricity linkage with African states capitalizing on their hydropower capabilities.
The New and Renewable Energy Authority will secure a land plot for Norway's Scatec ASA to build a wind farm western Sohag as per an agreement they signed Wednesday.
Over the past eight years, Egypt has successfully added 31,000 megawatts of electricity generation capacity.
The petroleum sector has succeeded in taking many steps and measures in the field of energy transition and reducing emissions.
The consortium will establish a company named Osiris to implement the project which will be located in the city on the Red Sea coast, with a total annual production capacity of 692K tons.
This comes within the framework of the vision to achieve optimal economic benefit from natural and mineral resources, while the following is the most important information related to the project:
Global reports predict that data centers are set to consume 20 percent of the world’s power by 2025, said Hosam El Gamal, CEO of the National Telecom Regulatory Authority (NTRA).
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