OTMT-Lafarge Holcim consortium decided to complete the feasibility studies on a project that aims to produce waste-to-energy with investments of EGP 300m for the first phase. The project is expected to launch in June, reported Al Borsa. OTMT Board Member, Tamer El Mahdy, said that the companies aim the revive six non-operational recycling factories in several governorates.
The group is negotiating with 3 governorates including Giza and Minya to rehabilitate recycling factories that stopped working for years in exchange of a usufruct management agreement. El Mahdy added that the company is in talks with the Ministry of Environment to gain facilities for the waste recycling factories and for contracting with suppliers in the governorates.
Geo-Cycle Egypt Company’s CEO, Amr El Qady, stated that the consortium started processing the feasibility studies and visiting fields to decide on suitable govern orates in which to start project. He added that the company is negotiating with the waste regulation authority in the Ministry of Environment to rehabilitate the Abu Rawash Factory in Giza along with other factories in several governorates.
In related news, Atef Abd El-Hamid, governor to Egypt’s capital, Cairo, had stated that the city had received around 13 new investment offers from Arab and foreign investors in the field of waste-to-energy. Governorate officials were negotiating with the Ministries of Environment and Industry around the nature of the proposed projects to decide what the ministries will agreed to based on the economy’s need of the projects and their usage of technology.