{"id":544634,"date":"2022-03-14T03:55:12","date_gmt":"2022-03-14T03:55:12","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/14\/scatec-to-build-green-ammonia-plant-in-egypt-lekela-eyes-green-hydro-desal-projects\/"},"modified":"2022-03-14T03:55:12","modified_gmt":"2022-03-14T03:55:12","slug":"scatec-to-build-green-ammonia-plant-in-egypt-lekela-eyes-green-hydro-desal-projects","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/14\/scatec-to-build-green-ammonia-plant-in-egypt-lekela-eyes-green-hydro-desal-projects\/","title":{"rendered":"Scatec to build green ammonia plant in Egypt + Lekela eyes green hydro, desal projects"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Investment into green energy and infrastructure is starting to heat up ahead of COP27:-<\/strong><\/p>\n<p><strong>Norwegian renewable energy giant Scatec plans to build a green ammonium plant in Egypt<\/strong> with an annual production capacity of 1 mn tons per year, potentially expandable to 3 mn tons, <a href=\"https:\/\/scatec.com\/2022\/03\/10\/scatec-partners-with-the-sczone-the-sovereign-fund-of-egypt-the-ministry-of-electricity-and-renewable-energy-to-develop-a-large-scale-green-ammonia-facility-in-egypt\/?utm_source=pocket_mylist\">it said in a statement<\/a>. The plant, powered by renewable energy, will be based in the SCZone in Ain Sokhna with unspecified investment from the Sovereign Fund of Egypt.<\/p>\n<p><strong>Details still to come? <\/strong>Cabinet <a href=\"https:\/\/www.facebook.com\/SCZONE.EG\/posts\/284554950488565\">said in a statement<\/a> that the facility would cost USD 5 bn to build, but did not make clear whether that was for the first phase of the plant or the total anticipated cost including the expansion. It said it expects production to begin in 2025. The SCZone\u2019s Yehia Zaki said the facility will form the centerpiece of a \u201cgreen fuel industrial hub\u201d in the SCZone.<\/p>\n<p><strong>MEANWHILE- Lekela could branch out into green hydrogen + desalination: <\/strong>Renewables player Lekela Power is \u201cactively exploring\u201d potential green hydrogen and renewables-powered water desalination investment prospects with the government and the private sector, general manager for Egypt Faisal Issa told Enterprise. Spanish and British investors have expressed interest in working with Lekela on the desalination projects, he added.<\/p>\n<p><strong>New projects = fresh investment: <\/strong>Lekela could double or triple its investment in Egypt over the next four years, Issa said, without disclosing specific figures. The company <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c5c730b4-4705-43f2-bfea-72fc0ba4e2db\">inaugurated<\/a> its 250 MW wind farm in West Bakr last November, and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/323f6825-1739-4d2e-b6f6-edea60694a8a\">said in 2020<\/a> that it would funnel most of its investments to Egypt in \u201cthe coming period.\u201d<\/p>\n<p><strong>Green hydrogen + desalination are all the rage right now: <\/strong>We\u2019ve been hearing a lot lately about the government\u2019s plans to bring the private sector in to boost these two priority sectors \u2014 and efforts are ramping up ahead of the COP27 climate summit in Sharm El Sheikh this November. Eleven companies are <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2b75b641-bb5e-436c-940d-99f0175103c7\">reportedly planning to bid<\/a> on government desalination projects worth a combined USD 2.8 bn, and are waiting on the government to issue related regulations. Meanwhile, the Electricity ministry is <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5303348f-7e38-4a01-971e-4d935d99fdc6\">set to develop<\/a> a 12-month green hydrogen strategy amid plans to implement projects in the sector worth <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fe7a15bc-d122-4bdd-9aab-2af8f4f37393\">some USD 3-4 bn<\/a>.<\/p>\n<p><strong>REMINDER- <\/strong><strong>Lekela<\/strong><strong> could soon be under new ownership. <\/strong>South African mining firm <a href=\"https:\/\/www.exxaro.com\/\">Exxaro<\/a> and Chinese state fund CNIC <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7930b05c-8650-45aa-ae77-0991be2b63bf\">are reportedly among the final bidders<\/a> in the running for Actis\u2019 60% stake in the renewables firm. African Infrastructure Investment Managers \u2014 a unit of pan-African financial services outfit Old Mutual \u2014 is also said to have advanced to the final round and is currently seen as the frontrunner. Lekela has a presence in Egypt, Ghana, South Africa, and Senegal and has been valued at more than USD 2 bn.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investment into green energy and infrastructure is starting to heat up ahead of COP27:- Norwegian renewable energy giant Scatec plans to build a green ammonium plant in Egypt with an annual production capacity of 1 mn tons per year, potentially expandable to 3 mn tons, it said in a statement. The plant, powered by renewable [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":544635,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","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":[7825],"tags":[72,1359,246,254,125,921,151,573,416,364],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-544634","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-green-economy","tag-enterpriseam","tag-green-ammonium","tag-green-economy","tag-green-hydrogen","tag-investment-watch","tag-lekela-power","tag-renewables","tag-scatec","tag-suez-canal-economic-zone","tag-water","wpautop","entry"],"acf":{"mongo_id":"385ee449-1e59-4897-88ea-75f283938d30","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/3\/166.jpg","photo_position":"above","related_issue":[544622],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Scatec to build green ammonia plant in Egypt + Lekela eyes green hydro, desal projects - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/14\/scatec-to-build-green-ammonia-plant-in-egypt-lekela-eyes-green-hydro-desal-projects\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Scatec to build green ammonia plant in Egypt + Lekela eyes green hydro, desal projects\" \/>\n<meta property=\"og:description\" content=\"Investment into green energy and infrastructure is starting to heat up ahead of COP27:- Norwegian renewable energy giant Scatec plans to build a green ammonium plant in Egypt with an annual production capacity of 1 mn tons per year, potentially expandable to 3 mn tons, it said in a statement. 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PLUS: Scatec, two int\u2019l consortia set the wheels in motion on renewables projects.","author":"enterpriseam admin","date":"16 September 2024","format":false,"excerpt":"AMEA will develop a 1 GW solar power plant with 600 MWh battery storage system in Benban \u2014 expected to be Africa\u2019s largest","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1104.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546335,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/12\/total-eren-enara-capital-to-build-green-ammonia-facility-in-sczone\/","url_meta":{"origin":544634,"position":2},"title":"Total Eren + Enara Capital to build green ammonia facility in SCZone","author":"enterpriseam admin","date":"12 May 2022","format":false,"excerpt":"Another green ammonia project: Egypt inked a memorandum of understanding with an alliance that includes Total Eren and Africa-focused SME investor Enara Capital to build a green ammonia plant in the Suez Canal Economic Zone (SCZone), according to a cabinet statement. 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