Back to the complete issue
Wednesday, 2 September 2020

Government discuss funding for waste-to-energy projects

There’s not a whole lot happening on the diplomatic front this morning, with the major issues of the day remaining Libya, Turkey’s stumbling about in the Eastern Med and stalled talks on the Grand Ethiopian Renaissance Dam.

Egypt looks set to pursue funding for waste-to-energy from development partners: International Cooperation Minister Rania Al Mashat, Environment Minister Yasmine Fouad, and Local Development Minister Mahmoud Shaarawy will form a committee that will be tasked with preparing a pitch to international partners to fund waste-to-energy projects. The pitch is expected to take place in a meeting that Al Mashat will organize in October, according to a cabinet statement. The government currently has four WtE projects funded by international partners, including the European Union, Germany, Italy, the World Bank, the European Investment Bank, and the French Development Agency at a total cost of USD 238.2 mn.

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.