South Valley Egyptian Petroleum Holding Company (Ganope) and the New and Renewable Energy Authority (NERA) have signed a cooperation protocol that aims to coordinate work on oil exploration and generating electricity from wind power in Sohag and Aswan.

The agreement was signed by the Chairman of Ganope Ashraf Bahaa and the CEO of NERA Mohamed El-Khayat. 

This cooperation allows integration between the petroleum and electricity sectors to maximize the exploitation of petroleum resources and wind energy in the Sohag and Aswan.

It will contribute to supporting the national economy and achieving sustainable development within the framework of Egypt’s Vision 2030.

This agreement comes in the frame of the Ministry of Petroleum and Mineral Resources (MoPMR) strategy to boost the partnerships and integration with the different entities and authorities to benefit from the petroleum sites, Bahaa said. 

For his part, El-Khayat highlighted the importance of national efforts to expand the use of new and renewable energy to generate electricity.