CAIRO – 4 January 2021: President Abdel Fatah al-Sisi inaugurates on Monday Egypt's first exhibition for vehicles' transformation and replacement to be powered by renewable energy.
Presidency Spokesperson Bassam Rady stated that the exhibition's agenda consists of launching an initiative to transform fuel-powered vehicles into gas-powered ones in partnership with governmental bodies and local and international companies.
Egypt's gas production amounted to 6.2 billion cubic feet, ranking 13th in the world and fifth in the region, according to Minister of Petroleum and Mineral Resources Tarek el-Molla.
Minister of Industry and Trade Nevine Gamea stated Wednesday that more than 45,000 fuel-powered vehicles were transformed into gas-powered vehicles in 2020.
The ministry is working into a target of transforming 150,000 vehicles in three years at a cost of LE1.2 billion.
Only cars manufactured less than 20 years ago and having engines whose capacity is at least 70 percent can be transformed. The procedure is carried by a state-owned company called Gastech, and its value – worth LE8,000-LE12,000 - is paid in installments.
The Ministry of Petroleum and Mineral Resources targets transforming 50,000 gasoline-powered cars into natural gas ones in FY2020/2021. The plan includes introducing 50 natural gas stations annually until the total hits 366.
The number of gas-powered vehicles – including taxis - in Egypt was 320,000 out of 7 million passenger cars in 2018.
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