Back to the complete issue
Thursday, 27 December 2018

Egypt among fastest-improving countries in developing renewable energy regulatory framework

Egypt’s renewable energy framework one of three fastest-improving globally, says World Bank: Egypt is one of the three fastest-improving countries in terms of regulatory frameworks for renewable energy between 2010 and 2017, according to the World Bank’s Regulatory Indicators for Sustainable Energy (RISE) 2018 report (pdf). Egypt’s total RISE score — which assesses regulation for universal access, renewable energy, and energy efficiency — rose to 68 at the end of 2017, from 10 at the end of 2010. By scoring above 60, Egypt is included in the green category, which indicates “a relatively mature policy and regulatory environment.” Tunisia and the UAE round out the top three.

But there’s room for improvement: “The fastest area of growth was in the legal framework for renewable energy, which includes private-sector ownership of renewables … By the end of 2017, all three of these countries had legislation in place that allowed private-sector ownership of renewable energy and had a legal framework for renewable energy. However, all three countries have been slow to develop policies that support network connections and use by third parties, and policies that promote renewable energy outside of the electricity sector.”

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.