Chairman of New and Renewable Energy Authority (NREA) Mohamed El Khayat inaugurated a roundtable that discussed investment potentials in renewable energy and sustainable development in Egypt.

The Ministry of Electricity has agreed to pay EGP 1.3 billion per month to the Ministry of Petroleum, in exchange for fuel supplies provided to the power generation plants. It has also paid EGP 35 billion of its arrears.

The National Renewable Energy Authority (NREA) will announce next month a tender to establish a 20-megawatt (MW) solar power plant in Hurghada.

The Ministry of Electricity has launched a training program on "Policy, Financing, and Implementation of Energy Projects" in cooperation with the Egyptian Electricity Holding Company with participants from 12 African countries.

Investments in the new project are expected to reach around EGP 4 billion.

The workshop gathered about 30 participants from 21 countries to discuss renewable energy projects, small and micro electric power grids in Africa.

Egypt is committed to producing around 20% of its electricity from renewables by 2022.

The competing companies include Spanish Siemens –Gamesa, Danish Vestas, and German Senvion.

The Egyptian New and Renewable Energy Authority (NREA) has signed an agreement with Spain's TSK to establish a 26 MW photovoltaic solar park in Kom Ombo, Aswan, for around $23.35 million.

The New and Renewable Energy Authority (NREA) is establishing an electricity generation station with the Japan International Cooperation Agency (JICA).