{"id":549076,"date":"2022-09-01T03:30:54","date_gmt":"2022-09-01T03:30:54","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/01\/selling-electricity-to-greece-plus-philip-morris-is-making-smokes-here-now-and-farmers-will-get-more-for-wheat\/"},"modified":"2022-09-01T03:30:54","modified_gmt":"2022-09-01T03:30:54","slug":"selling-electricity-to-greece-plus-philip-morris-is-making-smokes-here-now-and-farmers-will-get-more-for-wheat","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/01\/selling-electricity-to-greece-plus-philip-morris-is-making-smokes-here-now-and-farmers-will-get-more-for-wheat\/","title":{"rendered":"Selling electricity to Greece. Plus: Philip Morris is making smokes here now and farmers will get more for wheat"},"content":{"rendered":"

More energy cooperation with Greek partners? <\/strong>Electricity Minister Mohamed Shaker yesterday discussed expanding cooperation and investment with Greek energy and infrastructure giant Copelouzos Group<\/a>, according to a cabinet statement<\/a>. Company head Dimitris Copelouzos expressed interest in implementing solar, wind, and electricity interconnection projects in the local market.<\/p>\n

Copelouzos is a key player in a proposed electricity link between Egypt and G<\/strong>reece:<\/strong> The Greek infrastructure investor is one half of the JV planning the Greece-Egypt Interconnector (GREGY)<\/a>, a 3-GW electricity link that will allow Egypt to export electricity generated by renewable energy.<\/p>\n

Egypt is pursuing closer energy and electricity ties with Greece<\/strong> (among other Mediterranean neighbors), including a potential gas pipeline<\/a> and the USD 4 bn EuroAfrica project<\/a> to connect our grid with Greece and Cyprus later this decade.<\/p>\n

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Local farmers will get more for their wheat next year: <\/strong>The government will pay farmers an \u201cindicative price\u201d of EGP 1k per ardeb of wheat next season, a hike of nearly 15% from the EGP 865-885 per ardeb it paid this year, cabinet said in a statement<\/a> yesterday. Farmers had called on the government<\/a> earlier this year to raise prices to EGP 1k to help the industry cope with inflation and meet production targets.<\/p>\n

The government didn\u2019t hit its ambitious local wheat targets this year: <\/strong>The government procured around 4.2 mn tons of wheat from local farmers during this year\u2019s harvest, Al Mal<\/a> quotes Supply Minister Ali El Moselhy as telling reporters yesterday. This missed the ambitious 6 mn-ton target<\/a> set after spiking food prices forced it to increase its reliance on local production.<\/p>\n

Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n