Salah Abdel Kerim, the Chairman of the Egyptian General Petroleum Corporation (EGPC), headed the weekly meeting of the Energy Transition Committee in which they discussed the executive steps to maximize the benefit from the available opportunities to transition from fossil fuels to new and renewable energy sources, in addition to other pillars of sustainable energy transition such as the exploitation of flare gas.
During the meeting, Abdel Karim stressed the importance of raising awareness of the importance of renewable energy projects and maximizing their benefit.
He also highlighted that EGPC is open to enhancing cooperation opportunities with partners through flexible incentives for these projects that contribute to accelerating the recovery of their investment costs and overcoming any obstacles that may face.
For his part, Ahmed Ghassan, CEO Deputy Assistant for Planning and Projects at the Egyptian General Petroleum Corporation (EGPC) and the Head of the Committee, reviewed a comprehensive report on the progress made in the projects.
One of the projects is the completion of the electricity generation project using solar cells at Belayim Petroleum Company with a capacity of 8 megawatts and an investment cost of $8.3 million.
Another project is the completion of the first phase of the project to connect a number of wells to a central power generation station in the Menace MU field at Khalda Petroleum Company by 100%, and the implementation of the second phase is underway, as additional eight wells have been connected to the network, with a total investment cost of $12 million.
Additionally, the projects include the start of establishment of a new power station project in Khalda fields with a capacity of 13 megawatts, while work continues on similar projects in Petroshahed and Petrofarah companies.
The first phase of the power station project in the Esh El-Malaha fields with a capacity of 1.4 megawatts out of a total planned capacity of 5 megawatts, expected to be completed during the first half of 2025, Ghassan explained, as well as the implementation of additional nine flare gas recovery projects, aiming to make the most of the recovered gases and convert them into value-added petroleum products, or enter them into the national natural gas network.
