{"id":575548,"date":"2020-10-19T07:26:48","date_gmt":"2020-10-19T07:26:48","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/19\/egypt-in-talks-with-foreign-investors-over-2-gw-renewable-energy-projects\/"},"modified":"2020-10-19T07:26:48","modified_gmt":"2020-10-19T07:26:48","slug":"egypt-in-talks-with-foreign-investors-over-2-gw-renewable-energy-projects","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/19\/egypt-in-talks-with-foreign-investors-over-2-gw-renewable-energy-projects\/","title":{"rendered":"Egypt in talks with foreign investors over 2 GW renewable energy projects"},"content":{"rendered":"

<\/a> INVESTMENT WATCH- Egypt is currently negotiating with foreign investors on new wind and <\/strong>solar projects that will generate a combined <\/strong>2 GW of power<\/strong>, Electricity Minister Mohamed Shaker said on Thursday, CNBC Arabia<\/a> reports. Speaking at the inauguration<\/a> of Siemens Energy\u2019s training academy and service center at the Suez Canal Economic Zone, Shaker said that the negotiations for the projects, which will raise the total electricity generated from renewables in the country to 6 GW, will conclude before the end of the year.<\/p>\n

Watch this space: <\/strong>The ministry might soon ink an agreement with Siemens Energy to establish a 500 MW capacity wind power plant before the end of the year, according to local press reports<\/a>.<\/p>\n

The ministry will propose amendments to the country\u2019s energy strategy that will see renewables generating 60% of the country\u2019s electricity by 2035<\/strong>, rather than 42% as outlined in the current strategy, Shaker said. The amendments will be submitted to the Egyptian Supreme Council of Energy for approval.<\/p>\n

We already have a surplus of energy:<\/strong> Shouldn\u2019t the focus be on upgrading our transmission and distribution network? We covered the oversupply problem<\/a> in our weekly infrastructure vertical Hardhat earlier this year, and followed up with a three-part series examining our ailing distribution network (Part 1<\/a> | Part 2<\/a> | Part 3<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"

INVESTMENT WATCH- Egypt is currently negotiating with foreign investors on new wind and solar projects that will generate a combined 2 GW of power, Electricity Minister Mohamed Shaker said on Thursday, CNBC Arabia reports. Speaking at the inauguration of Siemens Energy\u2019s training academy and service center at the Suez Canal Economic Zone, Shaker said that […]<\/p>\n","protected":false},"author":1,"featured_media":575549,"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":[8572],"tags":[6101,72,6024,245,150,151,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-575548","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-electricity-minister","tag-enterpriseam","tag-foreign-investors","tag-mohamed-shaker","tag-renewable-energy","tag-renewables","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"b9a2fcc7-898e-4763-8f42-9fb6a3f434a2","is_powered_by":true,"section_story_id":"3766c26c-9e34-47a3-91b5-f0c88c3caeaa","story_type":"1","photo_url":"https:\/\/ent.news\/2020\/10\/195.jpg","photo_position":"above","related_issue":[575539],"teaser":"","voice_url":""},"yoast_head":"\nEgypt in talks with foreign investors over 2 GW renewable energy 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\/2020\/10\/19\/egypt-in-talks-with-foreign-investors-over-2-gw-renewable-energy-projects\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt in talks with foreign investors over 2 GW renewable energy projects\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- Egypt is currently negotiating with foreign investors on new wind and solar projects that will generate a combined 2 GW of power, Electricity Minister Mohamed Shaker said on Thursday, CNBC Arabia reports. 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The Electricity Ministry is negotiating renewable energy projects with a capacity of 1.4 GW, on top of an agreement to implement 1 GW of plants signed last Saturday, Minister Mohamed Shaker said in a statement to the local press\u2026","rel":"","context":"In "RENEWABLES"","block_context":{"text":"RENEWABLES","link":"https:\/\/enterpriseam.com\/egypt\/category\/renewables\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/331.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568177,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/21\/renewables-are-back-on-the-table\/","url_meta":{"origin":575548,"position":1},"title":"Renewables are back on the table","author":"enterpriseam admin","date":"21 December 2020","format":false,"excerpt":"We have more info on the government\u2019s ambitious renewable energy plans: A few days after Electricity Minister Mohamed Shaker announced plans to authorize 2.4 GW of renewable energy projects by 2022, the local press has reported that the ministry is in talks with international players to build wind farms capable\u2026","rel":"","context":"In "RENEWABLES"","block_context":{"text":"RENEWABLES","link":"https:\/\/enterpriseam.com\/egypt\/category\/renewables\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/347.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":600255,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/23\/egypt-gets-offers-for-5500-mws-of-renewable-power-plants\/","url_meta":{"origin":575548,"position":2},"title":"Egypt gets offers for 5500 MWs of renewable power plants","author":"enterpriseam admin","date":"23 January 2019","format":false,"excerpt":"INVESTMENT WATCH- Egypt gets offers from companies interested in building up to 5.5 GW of renewable power: Egypt has received offers from regional and international companies to build renewable power generation facilities with a total capacity of 5500 MW, Electricity Minister Mohamed Shaker toldlocal press. Tariffs for solar power are\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":652100,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/28\/egypt-can-produce-90-gw-of-electricity-from-renewable-sources-shaker\/","url_meta":{"origin":575548,"position":3},"title":"Egypt can produce 90 GW of electricity from renewable sources -Shaker","author":"enterpriseam admin","date":"28 February 2017","format":false,"excerpt":"Egypt has the capacity to produce 90 GW of electricity from renewable sources, Electricity Minister Mohamed Shaker said, according Al Borsa reported. Egypt has the largest capacity in the MENA region in wind energy, Shaker says, that generate an output of 30 GW. He also added that Egypt can produce\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":595428,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/25\/nrea-aims-to-build-2-gw-solar-power-plants\/","url_meta":{"origin":575548,"position":4},"title":"NREA aims to build 2 GW solar power plants","author":"enterpriseam admin","date":"25 September 2019","format":false,"excerpt":"The National Renewable Energy Authority (NREA) aims to build solar power plants with a combined capacity of 2 GW, authority head Mohamed El Khayat said without specifying a timeframe or elaborating further. NREA has received 10 requests from companies looking to build projects with a capacity of 10 GW since\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":576946,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/03\/more-renewables-projects-are-being-negotiated-in-riyadh\/","url_meta":{"origin":575548,"position":5},"title":"More renewables projects are being negotiated in Riyadh","author":"enterpriseam admin","date":"3 November 2022","format":false,"excerpt":"The Electricity Ministry is in talks with six Saudi firms for more than USD 3 bn worth of renewable energy projects as Electricity Minister Mohamed Shaker visits Riyadh, Bloomberg Asharq reports, citing four people at state-owned Egyptian electricity companies.Who\u2019s involved: The minister is holding talks with ACWA Power, Al Fanar,\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\/2022\/11\/66.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\/575548","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=575548"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/575548\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/575539"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/575549"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=575548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=575548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=575548"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=575548"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=575548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}