China Electric Power Company submitted an offer to the Egyptian Ministry of Electricity and Renewable Energy to establish waste-to-energy power plants, reported Al Borsa. This came during a meeting with the Minister of Electricity, Mohamed Shaker, and representatives from China Electric to discuss cooperative investment in electricity generation projects. They will also met with the Ministry of Environment.
Shaker reviewed the status of existing projects in Beni Suef, Burullus and New Capital power plants handled by Siemens. Additionally, he explained the ministry’s strategy to push the contribution of new and renewable energy to 20% of the country’s energy mix by 2020. He also explained Egypt’s new and renewable energy Feed-in Tariff (FiT) programs that aim to establish solar plants and wind farms with capacity 4300MW.
In response to inquires about Egypt’s investment climate, the minister stated that the current time is the best to invest in new and renewable energy projects including solar plants as well as wind farms.