Egypt is looking to attract development finance institutions (DFIs) and private sector investment to build 30 GW of electricity generation, transmission and distribution projects that are about to go to tender.
Taking place Feb. 16-18 in Cairo, the Egypt Energy Investment Summit is designed to drive investment into Egypts energy sector.
Government officials, regulators and public sector stakeholders will be on hand for the conference, which will cover the countrys renewable energy feed-in tariff program, build-own-operate projects and the independent power producer scheme. The event will showcase the pro-activeness of government to engage credible investors efficiently and commercially, according to organizers. Also on the agenda will be the vital role of DFIs and the private sector to fund and build the 30 GW of projects.
Egypts minister of electricity and renewable energy, Mohamed Shaker El Markabi, said recently that Egypt was committed to meeting its energy needs and stressed that access to electricity in order to promote economic growth was an absolute priority.
Egypts National Energy Strategy will also be the focus of a discussion that will include domestic and international stakeholders and potential developers, including the New and Renewable Energy Authority, EgyptERA and the Egyptian Electricity Holding Company as well as leading industry players and development organizations such as ABB, Schneider Electric, Siemens, Elsewedy, EGAS, the World Bank, the African Development Bank, IFC, EBRD, KfW and the Egyptian Exchange.
Egypt will create a highly competitive and proper environment for new investment in conventional and renewable energy and energy efficiency, said Hatem Waheed, managing director of the Egyptian Electricity Utility and Consumer Protection Regulatory Agency.
In addition, the summit will showcase South Africa and Egypts trade relations. South Africas Department of Energy and IPP Office will attend the event to share their experience with the countrys hugely popular REIPPP Programme and collaborating with Egyptian stakeholders to promote renewable energy development in the country. The summit will also explore a potential South-East African trade corridor that could include countries such as Mozambique, Tanzania and Kenya, with the aim of boosting agriculture, mining and increasing energy access across the region.