{"id":86440,"date":"2024-09-02T00:00:00","date_gmt":"2024-09-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/09\/02\/nahdet-misr-is-lining-up-two-more-waste-to-energy-projects-in-egypt\/"},"modified":"2024-09-02T00:00:00","modified_gmt":"2024-09-02T00:00:00","slug":"nahdet-misr-is-lining-up-two-more-waste-to-energy-projects-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/09\/02\/nahdet-misr-is-lining-up-two-more-waste-to-energy-projects-in-egypt\/","title":{"rendered":"Nahdet Misr is lining up two more waste-to-energy projects in Egypt"},"content":{"rendered":"

Egypt\u2019s Arab Contractors affiliate Nahdet Misr Environmental Services is looking<\/strong> to set up two waste-to-energy (WtE) projects in Alexandria<\/strong>, managing director Mohamed Abdelatif told Al Mal<\/a>. The first project will have initial investments of USD 100 mn and the company wants to set up the projects in partnership with China\u2019s TEDA Holding, according to Abdelatif. <\/p>\n

What\u2019s next? <\/strong>Nahdet Misr for Environmental Services is in talks with authorities to find the suitable plots for the projects. The company aims to commence work on the first project as soon as possible.<\/span><\/p>\n

Who\u2019s doing what? <\/strong>TEDA Holding will fund the project, while Nahdet Misr will be responsible for providing the waste.<\/p>\n

Fresh incentives for WtE projects may also be on the way:<\/strong> The Environment Ministry is considering raising the feed-in tariff rate for WtE plants \u2014 the set price that the government pays for the electricity they generate \u2014 in a bid to make the sector more attractive to investors, Waste Management Regulatory Authority (WRMA) consultant Khaled Elfarra recently told EnterpriseAM Egypt<\/a>. The proposed price increase would see the feed-in-tariff rate rise to around EGP 2.35\/Kwh \u2014 up from EGP 1.40\/Kwh<\/a>, which hasn\u2019t changed since 2019. The tariff will fluctuate along with exchange rate fluctuations, he added.<\/p>\n

Nahdet Misr isn\u2019t the only company gearing up to launch WtE projects in Egypt: <\/strong>We heard last month that the government is set to sign<\/a> contracts collectively worth up to USD 1.2 bn with eight local-foreign consortiums to produce a total of 1.7 bn Kw\/h of electricity from municipal solid waste across a number of governorates, according to Elfarra.<\/p>\n

And the government wants WtE to play an important part in the country\u2019s energy mix: <\/strong>The government has long been planning to boost electricity generation from municipal waste, initially setting a target back in 2020<\/a> of generating 300 MW of electricity from WtE projects by 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"

The first of the two projects will have initial investments of USD 100 mn<\/p>\n","protected":false},"author":1,"featured_media":86441,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[495],"tags":[40,11,387],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-86440","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-waste-to-energy-2","tag-egypt","tag-enterpriseclimate","tag-waste-to-energy","wpautop","entry"],"acf":{"mongo_id":"81cde846-744b-4546-b7d3-80bee6213466","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/1620.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Nahdet Misr is lining up two more waste-to-energy projects in Egypt","related_issue":[86430],"teaser":"The first of the two projects will have initial investments of USD 100 mn","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.a4110df6-664f-4d4f-ac72-1cdf9d89550c.mp3"},"yoast_head":"\nNahdet Misr is lining up two more waste-to-energy projects in Egypt - 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