{"id":636493,"date":"2024-08-01T00:00:00","date_gmt":"2024-08-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/01\/govt-eyes-usd-4-bn-worth-of-hydropower-projects\/"},"modified":"2024-08-01T00:00:00","modified_gmt":"2024-08-01T00:00:00","slug":"govt-eyes-usd-4-bn-worth-of-hydropower-projects","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/01\/govt-eyes-usd-4-bn-worth-of-hydropower-projects\/","title":{"rendered":"Gov\u2019t eyes USD 4 bn worth of hydropower projects"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Gov\u2019t wants to up its hydropower capacity:<\/strong> The Electricity Ministry plans to carry out USD 4 bn worth of hydroelectric power projects in partnership with the private sector, <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2024\/07\/31\/%D9%85%D8%B5%D8%B1-%D8%AA%D8%AE%D8%B7%D8%B7-%D9%84%D8%AA%D9%86%D9%81%D9%8A%D8%B0-%D9%85%D8%B4%D8%B1%D9%88%D8%B9%D8%A7%D8%AA-%D8%B7%D8%A7%D9%82%D8%A9-%D9%83%D9%87%D8%B1%D9%88%D9%85%D8%A7%D8%A6%D9%8A%D8%A9-%D8%A8%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-4-%D9%85%D9%84%D9%8A%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-\" style=\"\" rel=\"noopener\">Al Arabiya<\/a> reports, citing unnamed government sources. The government will reportedly seek out global hydropower companies and financiers to implement the projects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Among the projects: <\/strong><span style=\"background-color: transparent;\">The ministry is looking to set up a water pumping and storage station with a capacity of 2.4 GW in Egypt\u2019s mountainous Ataka region. The government had reportedly inked an MoU with a Chinese company over three years ago to implement the project, before being indefinitely postponed due to financial and technical issues.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART: <\/strong>Pumped storage hydropower acts as a giant battery to store energy. It works by using surplus electricity to pump water uphill into a reservoir in periods of low demand or high supply, releasing it downhill through turbines to generate electricity when demand rises or supply falls. This energy storage method allows networks that rely on solar and wind power to keep the lights on even when the wind drops or the sun goes down.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> The Electricity Ministry <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4e71493a-fde3-4dfc-b0e9-286632532659\/electricity-bill-hikes-put-on-hold-until-september--electricity-ministry-source\" style=\"\" rel=\"noopener\">wants renewables to make up 58%<\/a> of Egypt\u2019s total energy mix by 2040. Currently hydroelectric power accounts for 5% of the country\u2019s total renewables capacity, according to Al Arabiya.<\/p>\n<p class=\"tag-border-left\">WHERE ARE OUR LNG IMPORTS COMING FROM- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Three of our LNG suppliers unveiled: <\/strong>Singapore\u2019s Trafigura and Switzerland\u2019s Vitol and Glencore have won a tender to provide Egypt with five shipments of LNG through August and September, <a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/power\/50054\/%D8%AA%D8%B1%D8%A7%D9%81%D9%8A%D8%BA%D9%88%D8%B1%D8%A7-%D9%88%D9%81%D9%8A%D8%AA%D9%88%D9%84-%D9%88%D8%BA%D9%84%D9%8A%D9%86%D9%83%D9%88%D8%B1-%D8%AA%D9%81%D9%88%D8%B2-%D8%A8%D9%85%D9%86%D8%A7%D9%82%D8%B5%D8%A9-%D8%AA%D9%88%D8%B1%D9%8A%D8%AF-%D8%B4%D8%AD%D9%86%D8%A7%D8%AA-%D8%BA%D8%A7%D8%B2-%D9%84%D9%85%D8%B5%D8%B1\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reports, citing an unnamed government official. The government secured the shipments at \u201cfavorable prices,\u201d which can be paid back under a deferred payment plan.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More to come:<\/strong> The government will launch new LNG tenders every three months or so, based on the energy sector\u2019s needs, the official said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> A fall in domestic production has <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/317bf16c-ec16-489f-ac56-05ad40a04693\" style=\"\" rel=\"noopener\">pushed<\/a> the country from being a net exporter to a net importer of LNG in recent months. The government has been ramping up imports in efforts to ensure the lights stay on after an extended period of power cuts. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We have more imports on the way: <\/strong>Egypt secured 21 LNG shipments in June as it <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/454b221a-69a5-4435-864e-86f3fc55f90e\/government-pledges-to-end-power-cuts-by-third-week-of-july-with-usd-1.2-bn-set-aside-for%253cmark%253e-energy%253c%2Fmark%253e-imports-and-other-initiatives\" style=\"\" rel=\"noopener\">works to<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/454b221a-69a5-4435-864e-86f3fc55f90e\/government-pledges-to-end-power-cuts-by-third-week-of-july-with-usd-1.2-bn-set-aside-for%253cmark%253e-energy%253c%2Fmark%253e-imports-and-other-initiatives\" style=\"\" rel=\"noopener\">ensure<\/a> it has sufficient supplies to keep the lights on during the current period of increased demand expected to last till September. Last we heard, we <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4e26a169-200d-4f67-9f07-01b0a2ab2c24\/egypt-is-getting-two-more-lng-shipments-soon\" style=\"\" rel=\"noopener\">received five of the shipments<\/a> and two are on the way.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Efforts are underway to kick off a 2.4 GW pumped storage hydropower project in Ataka<\/p>\n","protected":false},"author":1,"featured_media":636494,"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":[93,72,150,151],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-636493","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-energy","tag-enterpriseam","tag-renewable-energy","tag-renewables","wpautop","entry"],"acf":{"mongo_id":"9a2d8e31-7b35-4552-8bf5-9318de0121b4","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/11.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egyptian government eyes USD 4 bn worth of hydropower projects","related_issue":[636488],"teaser":"Efforts are underway to kick off a 2.4 GW pumped storage hydropower project in Ataka","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.4316e26e-301f-4fdc-8dd4-d41944047ace.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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Today is the day that we welcomed Act Financial to the EGX and we should be getting news any day now that the recently approved USD 820 mn tranche from the IMF has landed in state coffers. We\u2019re nearing the end of an already busy week for\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2655.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":638056,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/07\/two-new-usd-2-5-bn-mega-hydropower-projects-are-in-the-works\/","url_meta":{"origin":636493,"position":2},"title":"Two new USD 2.5 bn mega hydropower projects are in the works","author":"enterpriseam admin","date":"7 August 2024","format":false,"excerpt":"Good afternoon, folks. What started out as a pretty wild week has now calmed as we get ready for a well-deserved weekend. So, let's kick off what is hopefully a much more chilled out end to the week.THE BIG STORY TODAY Wind and solar aren\u2019t the only points of focus\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/622.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":659570,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/01\/29\/govt-on-the-lookout-for-new-partner-for-usd-2-3-bn-pumped-storage-hydropower-project-in-ataka-plus-kfh-egypt-dsquares-prepit-ci-capital-aria-technologies-mm-group-coca-cola\/","url_meta":{"origin":636493,"position":3},"title":"Gov\u2019t on the lookout for new partner for USD 2.3 bn pumped storage hydropower project in Ataka. PLUS: KFH Egypt, Dsquares + Prepit, CI Capital, Aria Technologies, MM Group, Coca Cola","author":"enterpriseam admin","date":"29 January 2025","format":false,"excerpt":"China's SinoHydro initially inked an agreement to build the 2.4 GW project all the way back in 2015","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/663.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":675119,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/09\/renergy-group-looks-to-put-egypt-on-renewables-map-with-worlds-largest-solar-project\/","url_meta":{"origin":636493,"position":4},"title":"Renergy Group looks to put Egypt on renewables map with world\u2019s largest solar project","author":"enterpriseam admin","date":"9 November 2025","format":false,"excerpt":"The hybrid renewables project will include a green hydrogen production facility and a pumped storage hydroelectric plant","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\/675.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":599067,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/17\/military-production-ministry-has-egp-15-bn-construction-backlog\/","url_meta":{"origin":636493,"position":5},"title":"Military production ministry has EGP 15 bn construction backlog","author":"enterpriseam admin","date":"17 June 2019","format":false,"excerpt":"The Military Production Ministry owns 20 companies and 17 factories involved in contracting and engineering consultation and has a backlog of projects worth as much as EGP 15 bn, all of it work on national projects, Minister Mohamed El Assar said, according to Youm7. The ministry, which hopes to expand\u2026","rel":"","context":"In &quot;Other Business News of Note&quot;","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/636493","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=636493"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/636493\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/636488"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/636494"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=636493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=636493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=636493"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=636493"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=636493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}