The plant aims at treating municipal solid waste (MSW) and converting it into electric energy, with a capacity of converting 1,200 tons of waste per day to 30 megawatts of electricity per hour.
Those will be built by the UAE's AMEA Power.
Secretary General of Union for the Mediterranean (UfM) Nasser Kamel said that Egypt will become one of the most important producers and exporters of clean energy to the North Mediterranean states.
The minister also witnessed the signing of a memorandum of understanding with the European Union and the European Bank for Reconstruction and Development, on "Mediterranean Hydrogen Partnership", to promote investment in renewable energy,
The signing took place between the fund and nine developers on the sidelines of COP 27 hosted by Egypt in Sharm El Sheikh.
Minister Shokry underscored the necessity of investing in new energy that should be clean, cheap, and sustainable.
• A big-number edition with +41% attendance compared to 2021 and considerable growth even in respect of 2019 • Foreign attendance doubled thanks to IEG's internationalisation policy • Minister Fratin closed the four-day event in Rimini
Environment and Energy Security Minister, Gilberto Pichetto Fratin, applauds Ecomondo and Key Energy, the Italian Exhibition Group events that opened today The opening ceremony was attended by IEG president, Lorenzo Cagnoni, Emilia-Romagna Region’s Vice President, Irene Priolo and Rimini Municipality Councillor for the Environment, Anna Montini
That is when operated at full capacity.
The amount of the increase is 4,627 gigawatts.
Greek Prime Minister Kyriakos Mitsotakis made the statements Tuesday at the summit of Mideast Climate Initiative, held on the sidelines of COP 27 in Sharm El Sheikh.
This came during a meeting between the Minister of Petroleum and Mineral Resources, Tarek El Molla, with officials of the UAE Mubadala Company, on the sidelines of the Abu Dhabi International Petroleum Exhibition and Conference “ADIPEC 2022”.
A recent study published by the Egyptian Center for Thought and Studies stated that Egypt plans to increase the supply of electricity generated from renewable sources to 42 percent by 2035.
President Abdel Fatah al-Sisi received Thursday Dimirti Kopilosis, chairman of Greece's Kopilosis electricity corporate.
The study explains that this comes in light of the government’s efforts to diversify the basket of energy sources in recent years, where opening the door for investments in green hydrogen is considered a promising field in the event of overcoming various challenges.
Minister of Electricity and Renewable Resources Mohamed Shaker met Monday with Djibouti Energy Minister Yonis Ali Guedi.
The Egyptian state has put in place a package of incentives to encourage green projects.
Minister of Foreign Affairs Sameh Shokry stated in a phone-in Saturday that the recent visits of President Abdel Fatah al-Sisi to several states reflect Egypt's keenness on persistent coordination with partners on all levels.
Minister of Electricity and Renewable Energy Mohamed Shaker stated Tuesday that the draft agreement has been finished.
President Abdel Fatah al-Sisi received Tuesday Minister of Industry and Advanced Technology Sultan al-Gaber.