According to EBRD, 15 percent of the total loan amount is being co-financed by the Green Climate Fund (GCF).
Egypt has embarked on mega solar energy production projects as part of its vision for 2030. We list some figures about the field in the past few years.
Prime Minister Mostafa Madbouli held Tuesday a meeting in Cairo with CEO of the African Funding Corporation (AFC) Samaila Zubairo and the accompanying delegation.
The meeting was also attended by the ministers of electricity and planning, deputy minister of housing for infrastructure, and the CEO of Egypt Sovereign Fund.
Minister of Foreign Affairs Sameh Shokry met Tuesday with his Belgium counterpart Sophie Wilmes.
The Egyptian Atlas prepared by the New and Renewable Energy Authority indicates that desert areas extending over 7,673 kilometers are suitable for the establishment of wind farms.
President Abdel Fatah al-Sisi received a phone call Tuesday from Spanish Prime Minister Pedro Sanchez discussing economic and diplomatic cooperation.
The protocol comprises providing turbines, installment of wind turbines to generate electricity, and provision of technical support in new and renewable energy and water desalination.
Egypt Today reviews all the revealed information in Atlas Map of Egypt which includes the brightest places in the sun and the fastest winds, which are suitable for establishing solar and wind stations to generate electricity with the highest efficiency throughout the year.
Desert areas in Egypt extend over 7,673 kilometers.
Shaker added during his speech, Tuesday, at the opening session of the first dialogue of the Energy Transfer Council, that the required land was identified with a 5-year plan aiming to produce about 2.9 million m3 / day.
The minister statements came during a meeting on Tuesday with manager of AFD branch in Egypt in the presence of the French ambassador in Cairo Romatet Stephane to discuss future cooperation between Egypt and AFD.
During the meeting, Shaker said the KfW's participation in financing the electricity sector represents its confidence in the sector’s success.
This comes within MENA countries commitment to increasing the share of renewable energy in their mix and to decarbonize their economies, according to GE Gas Power.
Egypt is going forward with achieving wide-scale structural reforms after the success of the national program for economic reform, Hala El-Said says.
He added that the aim of the project is to cover citizens’ needs of drinking water.
The total investment cost is estimated at LE 95.6 billion
Egypt has previously announced its plan to establish a smart electrical grid, including a variety of operation and energy measures amid its move to renovate the whole sector.
Egypt vies for upping the share of renewable energy in the energy mix to become 20 percent in 2022, and 42 percent in 2035.
On his side, Siemens AG president and CEO expressed the company's aspiration to develop its activities in Egypt.