Global Arab Network | Renewable Energy - Egypt Investing $ 34 Billion in Electricity Sector

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Renewable Energy - Egypt Investing $ 34 Billion in Electricity Sector

Global Arab Network - Click HERE for more: Green Energy - Solar, Wind, Wave, Tidal and Hydropower

Tuesday, 08 March 2011 15:17

Egypt’s Minister of Electricity and Energy Hassan Younis said that the Egyptian nuclear program for the generation of power is continuing and will be accelerated till the first nuclear station at Al Dabaa has been established, Global Arab Network reports according to Egyptian News Sources.

The sector is carrying out a five year plan till the year 2017 with investments totalling LE200 billion ($ 34 Billion), he added. This plan is financed by the ministry without the state budget.

Younis added a meeting will be held mext week to consider the issue of the tender for the international companies to get the best terms for that.

The plan aims at the establishment from Four to Six nuclear facilities with a total capacity of 4000 megawatt.

The first of the stations would be completed in 2019 and all stages would be over by the year 2025.

Electrical energy has been provided for around 99.3 % of Egypt’s population, representing a positive sign for the welfare of the Egyptian citizen due to electricity relation to all development components in all walks of life.

Generating capacities had reached around 22,025 MW, with an annual increase of about 1475 MW. This is done through adding 500 MW in al-Noubareya, Talkha and al-Koraimat electricity generation stations and 25 MW in al-Z’afarana wind station, plus lifting a unit of about 50 MW from al-Mahmoudeya electricity generating station.

Solar energy represents a promising alternative source in Egypt. Solar radiance hours in areas ideal for using solar energy in Egypt range between 2300 to 4000 hours/year. A solar energy generator station was built at al-Kuraimat, south of Cairo at a capacity of 150 MW. A lighting project for 5 villages in remote areas is under construction by using solar energy.

Global Arab Network

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Last Updated on Tuesday, 08 March 2011 16:17

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