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Wednesday, 11 May 2016

Electricity Ministry etches out 2030 renewable energy strategy

Egypt has a 2030 strategy for the renewable energy sector, Electricity Minister Mohamed Shaker said at the Business News Foundation’s Third Annual Energy Conference: Energy and Sustainable Development, according to Daily News Egypt. “The ministry is negotiating with international companies for the establishment of power plants through the use of clean coal,” said Shaker’s deputy, Osama Asran, with a 2,500 MW capacity coal plant expected to be operational “soon.” The ministry wants to boost dependence on solar, wind, and hydropower to 20% by 2022 and 25% by 2030. A factory producing solar and wind energy equipment is set to be built in cooperation with German, Chinese, Russian, and Korean companies in 2016, the Military Production Minister Mohamed Al-Assar said at the conference, stopping short of giving any further details. Seperately, the ministry is looking into the feasibility of building a solar panel factory with international energy companies, Deputy Minister Hassan Abdel Mageed told DNE. The study is expected to be completed by the end of the year, he added. (DNE is sister publication to Al Borsa; both are owned by Business News.)

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