{"id":567936,"date":"2020-12-13T03:57:35","date_gmt":"2020-12-13T03:57:35","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/13\/egypts-natgas-transition-is-in-line-for-a-boost\/"},"modified":"2020-12-13T03:57:35","modified_gmt":"2020-12-13T03:57:35","slug":"egypts-natgas-transition-is-in-line-for-a-boost","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/13\/egypts-natgas-transition-is-in-line-for-a-boost\/","title":{"rendered":"Egypt\u2019s natgas transition is in line for a boost"},"content":{"rendered":"

<\/a> Subsidized loans and more may be in the cards for those looking to convert <\/strong>petrol-powered <\/strong>cars to run on natural gas<\/strong> after President Abdel Fattah El Sisi called on the Central Bank of Egypt (CBE) and the Madbouly government to provide car owners with \u201cappropriate\u201d financial incentives. The president made the remarks at a meeting on Thursday, according to an Ittihadiya statement<\/a>. El Sisi\u2019s directive follows a decision by the Trade and Industry Ministry, the CBE, and the MSME Development Agency to allocate EGP 1.2 bn<\/a> of low-interest financing for car owners to convert their vehicles to run on dual-fuel engines. The government will make the funding available for on-lending through banks. Owners of vehicles over 20 years old will be eligible for the financing, while owners of younger vehicles could have access to a separate, subsidized finance package<\/a>.<\/p>\n

El Sisi also called for setting up a car expo as a way to entice manufacturers to get in on the natural gas-transition plan<\/strong>, Ittihadiya said. Several foreign car makers have previously expressed interest in assembling natural-gas powered cars in Egypt, including Volkswagen<\/a> and Japan\u2019s Toyota Tsusho Corporation<\/a>. Car owners looking to make the switch will be able to attend the expo and get the chance to fill in applications for financing.<\/p>\n

Background: <\/strong>The Sisi administration earlier this year announced a multi-year plan<\/a> to convert or replace 1.8 mn cars to run on natural gas in a bid to reduce dependence on petrol-fuel.<\/p>\n

Want more? <\/strong>We took a deep dive this summer into the plan in our weekly infrastructure vertical Hardhat: Part 1<\/a> | Part 2<\/a> | Part 3<\/a>.<\/p>\n

OTHER ENERGY NEWS- <\/strong>TAQA PV for Solar Energy<\/a><\/strong> is receiving a USD 4.2 mn loan from <\/strong>the European Bank for Reconstruction and Development (EBRD)<\/strong> as part of a USD 10 mn credit line to fund private-to-private renewable energy projects, the EBRD said<\/a> in a statement on Thursday. Proceeds from the initial tranche will be earmarked for a 6 MW photovoltaic solar plant that will see the TAQA Arabia subsidiary supply electricity to Qalaa Holdings\u2019 Dina Farms. The plant will be located on Dina Farms\u2019 premises in Beheira, enabling the dairy giant to \u201ccover part of its energy consumption with clean energy\u201d under a 25-year power purchase agreement (PPA).<\/p>\n

The project is the first corporate PPA in Egypt financed by the EBRD in Egypt, <\/strong>the development bank said. It complements Egypt\u2019s planned shift<\/a> towards a greater proportion of renewables in the energy mix and bid to liberalize the renewables market.<\/p>\n","protected":false},"excerpt":{"rendered":"

Subsidized loans and more may be in the cards for those looking to convert petrol-powered cars to run on natural gas after President Abdel Fattah El Sisi called on the Central Bank of Egypt (CBE) and the Madbouly government to provide car owners with \u201cappropriate\u201d financial incentives. The president made the remarks at a meeting […]<\/p>\n","protected":false},"author":1,"featured_media":567937,"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":[7207],"tags":[93,72,7111,100,368],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-567936","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-energy","tag-enterpriseam","tag-infrastructure","tag-policy","tag-sustainability","wpautop","entry"],"acf":{"mongo_id":"ca4070e2-8e98-49ab-aa59-9931d6f0838d","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2020\/12\/216.jpg","photo_position":"above","related_issue":[567930],"teaser":"","voice_url":""},"yoast_head":"\nEgypt\u2019s natgas transition is in line for a boost - 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\/2020\/12\/13\/egypts-natgas-transition-is-in-line-for-a-boost\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s natgas transition is in line for a boost\" \/>\n<meta property=\"og:description\" content=\"Subsidized loans and more may be in the cards for those looking to convert petrol-powered cars to run on natural gas after President Abdel Fattah El Sisi called on the Central Bank of Egypt (CBE) and the Madbouly government to provide car owners with \u201cappropriate\u201d financial incentives. The president made the remarks at a meeting […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/13\/egypts-natgas-transition-is-in-line-for-a-boost\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-13T03:57:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/216.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/13\/egypts-natgas-transition-is-in-line-for-a-boost\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/13\/egypts-natgas-transition-is-in-line-for-a-boost\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt\u2019s natgas transition is in line for a boost\",\"datePublished\":\"2020-12-13T03:57:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/13\/egypts-natgas-transition-is-in-line-for-a-boost\/\"},\"wordCount\":419,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/13\/egypts-natgas-transition-is-in-line-for-a-boost\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/216.jpg?fit=%2C&ssl=1\",\"keywords\":[\"energy\",\"EnterpriseAM\",\"infrastructure\",\"policy\",\"sustainability\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/13\/egypts-natgas-transition-is-in-line-for-a-boost\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/13\/egypts-natgas-transition-is-in-line-for-a-boost\/\",\"name\":\"Egypt\u2019s natgas transition is in line for a boost - 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President Abdel Fattah El Sisi earlier this month announced a new policy that would require car owners\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/7\/209.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":559011,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/05\/meet-our-greener-future\/","url_meta":{"origin":567936,"position":2},"title":"Meet our green(er) future","author":"enterpriseam admin","date":"5 January 2021","format":false,"excerpt":"The Central Bank of Egypt (CBE) has launched a multi-bn EGP program to encourage car owners to outfit their vehicles with dual-fuel engines under the government\u2019s natural gas transition plan, Governor Tarek Amer said, according to Al Shorouk. Announced yesterday on the first day of the Go Green Exhibition \u2014\u2026","rel":"","context":"In "Infrastructure"","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/1\/53.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":595977,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/15\/egypt-plans-to-see-some-50k-cars-converted-to-natgas-powered-this-year\/","url_meta":{"origin":567936,"position":3},"title":"Egypt plans to see some 50k cars converted to natgas-powered this year","author":"enterpriseam admin","date":"15 August 2019","format":false,"excerpt":"The government is planning to have at least 50k car owners convert their vehicles to run on natural gas this year by installing dual-fuel natgas\/gasoline engines, according to a ministry statement (pdf). The plan will see more refueling stations built across Egypt and new financial instruments to fund more conversions.\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":562570,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/30\/govt-wants-to-expand-natgas-transition-plan\/","url_meta":{"origin":567936,"position":4},"title":"Gov\u2019t wants to expand natgas transition plan","author":"enterpriseam admin","date":"30 May 2021","format":false,"excerpt":"The Finance Ministry could expand its automotive natgas transition scheme to allow more vehicle owners and more governorates to participate, Finance Minister Mohamed Maait said in a statement on Friday. The ministry is considering opening it up to new governorates as soon as they have the required infrastructure, while new\u2026","rel":"","context":"In "Automotive"","block_context":{"text":"Automotive","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/automotive\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/5\/267.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":573470,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/06\/gastec-to-establish-23-new-natural-gas-filling-stations\/","url_meta":{"origin":567936,"position":5},"title":"Gastec to establish 23 new natural gas filling stations","author":"enterpriseam admin","date":"6 August 2020","format":false,"excerpt":"Gastec plans to open 23 new natural gas filling stations and five integrated natgas and gasoline stations this year as the government pushes ahead with an ambitious program to convert the nation\u2019s vehicles to run on natgas, Al Mal reports, citing unnamed sources at the company. Trade Minister Nevine Gamea\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/8\/34.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/567936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=567936"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/567936\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/567930"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/567937"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=567936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=567936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=567936"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=567936"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=567936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}