Egypt

EBRD, Egypt discuss developing country’s water desalination sector – Egypt

The European Bank for Reconstruction and Development (EBRD) discusses with the Egyptian government developing the country’s water desalination sector, said Heike Harmgart, Managing Director for the Southern and Eastern Mediterranean (SEMED) region at the Bank.

“We want to potentially prepare a number of desalination plants on a public–private partnership (PPP) basis in the same manner we prepared the 6th of October Dry Port Project which was recently awarded to a large private sector consortium,” Harmgart added.

Interestingly, EBRD’s interest in developing Egypt’s desalination sector is in line with the country’s efforts to face water shortage issues through alternative solutions due to the shaky outcomes of the Grand Ethiopian Renaissance Dam (GERD) negotiations.

Experts say Med Sea altered by Suez Canal’s invasive species – Egypt

As Egypt marks the 150th anniversary of the opening of the Suez Canal, marine biologists are bemoaning one of the famed waterway’s lesser known legacies — the invasion of hundreds of non-native species, including toxic jellyfish and aggressive lionfish.

The canal, which connects the Red Sea to the Mediterranean Sea, revolutionized maritime travel by creating a direct shipping route between the East and the West. But over the years, the invasive species have driven native marine life toward extinction and altered the delicate Mediterranean ecosystem with potentially devastating consequences, scientists say.

The influx has increased significantly since Egypt doubled its capacity in 2015 with the opening of the “The New Suez Canal,” raising alarm in Europe and sparking criticism from various countries along the Mediterranean basin.

Egypt Sovereign Wealth Fund Signs MoU with Hassan Allam Holding Regarding Infrastructure – Egypt

The Egypt Sovereign Wealth Fund signed a Memorandum of Understanding (MoU) Hassan Allam Holding, an engineering and construction group. The MoU entails joint investment in areas such as power, water desalination, renewable energy, and infrastructure in Egypt.

Both parties will also work to find foreign co-investors to commit capital to these projects. Egypt has its own Vision 2030 plan which lies under the control of the country’s Ministry of Planning and Economic Development.

Hassan Allam Holding was formed in 1936 and is a major contractor in the Middle East with subsidiaries in Saudi Arabia, Qatar, Libya, and Algeria. Hassan Allam Holding earlier acquired PGESCo, an international engineering and project management that has a focus on energy projects.

Egypt ranks Africa’s 1st country in water desalination – Egypt

Egypt ranks first in Africa and 11th in the world in terms of the scientific publishing in the water desalination field, the Ministry of Higher Education and Scientific Research said on Tuesday 31/12/2019.

In a statement, the ministry added that Egypt is Africa’s third country in researches published in the field of smart agriculture.

Schneider Electric’s total investments in Egypt reach $200mln – Egypt

Schneider Electric’s total investments in Egypt would touch $200 million by end-2019, the company chairman said.

Jean-Pascal Tricoire told Thomson Reuters Projects that the company’s investments span a 10-year period.

“Egypt is our regional hub serving the Middle East and North Africa (MENA) and Africa regions. We have invested in resources to serve many sectors ranging from smart buildings and smart grids to desalination plants,” he said.

Egypt receives three international bids to implement joint water desalination projects – Egypt

The Egyptian government is considering three bids from international companies to implement joint water desalination projects with a total capacity of 300,000 cubic metres per day (scm/day).

Government sources told Daily News Egypt that the bids for the establishment of desalination plants vary in capacity between 100-150 scm/day per plant. The sources revealed that the companies will secure the required funding for the projects and sell the desalinated water to the government for 20 years.

Informed sources told Daily News Egypt that the bids received by the government set the price of desalinated water at EGP 10-15 per scm.

South Korea ready to support Egypt’s desalination plans: ambassador – Egypt

South Korea plans to support Egypt’s plans to implement desalination projects, the Korean ambassador to Egypt, Yeocheol Yoon, told Daily News Egypt, asserting, “we hope that Egypt’s negotiations with Ethiopia about the Grand Ethiopian Renaissance Dam (GERD) will go well, yet water demand in Egypt is still high.”

Desalination is the way to go for Egypt, the ambassador noted, adding that Korean companies have a strong expertise in desalination.

Egypt is working very hard to face water shortage issues through alternative solutions, President Abdel Fattah Al-Sisi said on 13 October, asserting that Egypt is expanding the implementation of desalination projects with costs worth of EGP 200bn which will increase to EGP 300bn in 2020.

UAE company offers to establish $800mln desalination plants in Egypt – Egypt

The Egyptian government has received an offer from an UAE company to implement several desalination plants with investments of up to $800m.

The UAE company has submitted a bid to implement desalination plants in Egypt with a total capacity of 500,000 cubic metres per day, over several phases, Osama Hamdy, Deputy Minister of Housing for follow-up, projects, and utilities, told Daily News Egypt.

He added that a committee has been formed to study the offer. After completing the study, a memorandum will be presented to the Minister of Housing, and then to the cabinet for final decision.

ACWA signs Power Purchase Agreement for 200 MW photovoltaic plant in Egypt – Egypt

ACWA Power, a leading international developer and operator of power generation and water desalination facilities from Saudi Arabia has signed a Power Purchase Agreement (PPA) with the Government of Egypt to develop, finance, construct and operate the Kom Ombo photovoltaic plant, which will yield a capacity of 200 MW.

The signing took place under the patronage of His Excellency. Mostafa Madbouly, Prime Minister of Egypt; His Excellency Osama Naqli, the Ambassador of the Kingdom of Saudi Arabia at Egypt; and Dr. Mohamed Shaker, Egyptian Minister of Electricity and Renewable Energy.

The PPA was signed by Rajit Nanda, Chief Investment Officer at ACWA Power, and Eng. Sabah Mashaly, Chairman of the Egyptian Electricity Transmission Company, in the presence of senior executives from ACWA Power and delegates from the Egyptian Ministry of Electricity and Renewable Energy.

ACWA Power signs power purchase deal for Egypt’s 200MW Kom Ombo solar plant – Egypt

The PPA was signed by Rajit Nanda, chief investment officer at ACWA Power, and Sabah Mashaly, chairman of the Egyptian Electricity Transmission Company, in the presence of senior executives from ACWA Power and delegates from the Egyptian Ministry of Electricity and Renewable Energy.

Construction is expected to be completed during the first quarter of 2021. Once operational, the plant is expected to cater to the power needs of 130 thousand households, in addition to offsetting 280 thousand tonnes of CO2 per year.

“We are keen to leverage renewable energy sources through transparent competitive procurement, which will cater to the country’s current clean energy needs while simultaneously safeguarding our future,” Mohamed Shaker, minister of Electricity and Renewable Energy, Egypt.

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