Accelerated the movement of European companies working in the fields of alternative energy, particularly solar and wind, to expand its business in the Egyptian market.
Leading French companies and German moves; in order to convince the Egyptian government to focus on generating electricity from renewable sources available in Egypt, especially solar energy, where you see these companies the possibility to extend Egypt's Western European countries the full needs of the solar electricity investments borne by European companies.
And advanced French companies offer attractive to the Egyptian government is committed under which the implementation of a timetable that includes bringing solar energy replace electricity generated from oil by at least 50% within 6 years, which means that the Government will in parallel with the software implementation of the plan to liberalize energy prices and reduce the subsidy bill of $ 99 billion pounds in the budget of the new year 2011 - 2012 will be available as long as an alternative to solar energy.
Offered to French companies several projects including funding sources that rely primarily on concessional loans long term the European Bank for Reconstruction and Development and the French banks big and the quality of the technology used and the training of cadres of Egypt to manage the stations generating electricity from solar and wind power and sell power generated at competitive prices.
The projects include a project a giant Trough dropper that work can begin immediately after the signing of the agreement for the completion of his studies, which cost 50 million euros, as well as the establishment of a new plant to generate electricity from wind area Zafarana on the coast of the Red Sea to supply the areas of tourism development of new a powered non-polluting to the environment to maintain the competitiveness of tourism along with a third project in Upper Egypt from solar energy to serve urban development plans by the Egyptian government intends to implement there, and the total cost of the three projects 2.6 billion euros.
French companies and offered several alternatives for funding consideration by the Egyptian government to choose the right ones and that includes some part of the funding of grants and assistance offered by some European Union countries during the summit of the last eight to support the Egyptian economy in the next phase.
The movement of French and German companies at this time to meet the needs sooner the Egyptian government, which represents a case of the cost of energy, whether it is supported or not supported dilemma economically desperate and Egypt seeks to mitigate the effects of this cost on the budget after it was almost close to the global averages in the light of the continued high oil prices in the light of indicators of political events in the Middle East could increase the cost of a constraint on development plans and industrial expansion in the country, along with the devastating environmental cost of continuing to rely on the generation of energy from traditional sources.
The offers European companies at a time put forward by some circles of economic and political developments in Egypt, the idea of postponing the establishment of a draft nuclear plant in the region of Dabaa coast of the North West for reasons related to the standards of nuclear safety, which came to the test after the explosion of a nuclear plant Japan two months ago, along with the high cost of establishment station Dabaa and some reports that the current government caretaker government has no right to make strategic decisions at this level without that you get a direct mandate from the people, which means sending the nuclear plants in full to the elected government coming to decide what you see on the popular mandate of which was obtained it through the ballot box.
The European proposal for a practical alternative to the draft nuclear plants in light of the tenuous situation the funding, where the former regime was planning to finance the project through the combination of programs for external borrowing and internal that is an item of public investment in the state budget did not include any provision for the establishment of plant Dabaa, which was uncovered by the budget the new work will begin the day after, and this means that the ability to make executive decisions in this file directly, despite the announcements of the Ministry of electricity near the project is put in front companies and international consulting offices to provide technical and financial proposals for the establishment of the station.
According to experts working in the field of energy, generating energy from renewable sources in Egypt, especially the solar energy and wind energy is a "cake" attractive investment to European companies because of the low cost of generating energy from these two areas in Egypt compared to other countries in North Africa to acquire Egypt's comparative advantages include the length of days and hours of sunshine in the coastal areas close to Europe and the availability of qualified human resources, trained and ready to work in this area, along with Hamas, Western financial institutions to finance the Egyptian projects of this kind of profitability high and growing demand for alternative energy future both in the countries of the South European, which will prepare a consumer market is ideal for clean energy or in the Egyptian domestic market itself is expected to witness an expansion in the next ten years of democracy in the light of the upcoming changes and the desire to redistribute the population geographically different regions of the dislocation density of population in ancient cities.
According to information obtained by the "Union", the size of investment needed in the first phase to launch a number of projects to generate solar energy in Egypt is about $ 5 billion, the investment provides the Egyptian treasury about 50 billion pounds, "equivalent to $ 9 billion at current prices" at the completion of implementation of these projects and their entry into operation, which means financial benefits large reaped by the market strongly enter the field of alternative energy, especially in light of decades ready to export part of the energy generated to the European market, and explains the conflict sides German and French to win the lion's share of this "cake "attractive, with Cairo received a delegation of more than eight major French companies specialized in this field.
And correspond to the desire of European companies to invest in the field of alternative energy in Egypt, with an ambitious strategy to the Ministry of Electricity Egyptian known as the strategy of alternative energy 2020, and which depend on the allocation of 67 percent of the investments required in this area of the local private sector and Arab and foreign investment and the commitment of government companies to the implementation of the remaining share.
The aim of this strategy is that alternative energy about 20 percent of energy use in Egypt by the year 2020, which provides tens of billions of pounds of investments required to create traditional plants for power generation to meet growing needs.
Seeks Egyptian Ministry of Electricity to attract more global investments in this area by providing facilities and financial incentives, tax and technical and logistical support and legal to encourage international companies to enter the Egyptian market to work to create solar power plants, where the plan is aimed at the Egyptian government to generate around 920 megawatts of solar energy first stage.
And reveals the beauty of Dr. Hussein, Consultant Project Qattara Depression to generate electricity from wind power, for a big future for alternative energy in Egypt. And refers to the possibility of becoming Egypt's largest source of clean energy for the countries of Western Europe, which provides considerable financial resources and sustainable development of the country.
The Beauty The trend to alternative energy has become mandatory in the coming years to the high cost of conventional energy and near the depletion of natural resources of gas or oil and damage to the environment from the negative effects of energy contaminated at the same time did not become a nuclear option for electricity generation a viable option for reasons of security and radiation leakage and the rejection of large segments of civil society in various countries around the world that the nuclear option as long as the alternative to provide a more secure and preserve the environment. He added that the speed of Egypt to enter this area through an alliance with global companies with considerable experience means reducing the response phase of crisis "hungry energy," which would threaten many of the world during the coming years, so the facilities that will be awarded for these companies play a crucial role in the preference for these companies to work in the Egyptian market compared to countries of North Africa, especially Tunisia, Algeria and Morocco, which has similar advantages in solar energy and wind energy.
And confirms Mohammed Dib, Managing Director of the National Bank Societe Generale, which played a significant role in attracting French companies to work in the Egyptian market in recent years that there is no problem of funding in alternative energy, as the major banks welcome to enter strongly in this promising area secured profitability a future orientation, in addition to energy projects in general, whether traditional or non traditional welcome by the international banks or local importance of this strategic sector and its relationship to direct economic growth.
Leading French companies and German moves; in order to convince the Egyptian government to focus on generating electricity from renewable sources available in Egypt, especially solar energy, where you see these companies the possibility to extend Egypt's Western European countries the full needs of the solar electricity investments borne by European companies.
And advanced French companies offer attractive to the Egyptian government is committed under which the implementation of a timetable that includes bringing solar energy replace electricity generated from oil by at least 50% within 6 years, which means that the Government will in parallel with the software implementation of the plan to liberalize energy prices and reduce the subsidy bill of $ 99 billion pounds in the budget of the new year 2011 - 2012 will be available as long as an alternative to solar energy.
Offered to French companies several projects including funding sources that rely primarily on concessional loans long term the European Bank for Reconstruction and Development and the French banks big and the quality of the technology used and the training of cadres of Egypt to manage the stations generating electricity from solar and wind power and sell power generated at competitive prices.
The projects include a project a giant Trough dropper that work can begin immediately after the signing of the agreement for the completion of his studies, which cost 50 million euros, as well as the establishment of a new plant to generate electricity from wind area Zafarana on the coast of the Red Sea to supply the areas of tourism development of new a powered non-polluting to the environment to maintain the competitiveness of tourism along with a third project in Upper Egypt from solar energy to serve urban development plans by the Egyptian government intends to implement there, and the total cost of the three projects 2.6 billion euros.
French companies and offered several alternatives for funding consideration by the Egyptian government to choose the right ones and that includes some part of the funding of grants and assistance offered by some European Union countries during the summit of the last eight to support the Egyptian economy in the next phase.
The movement of French and German companies at this time to meet the needs sooner the Egyptian government, which represents a case of the cost of energy, whether it is supported or not supported dilemma economically desperate and Egypt seeks to mitigate the effects of this cost on the budget after it was almost close to the global averages in the light of the continued high oil prices in the light of indicators of political events in the Middle East could increase the cost of a constraint on development plans and industrial expansion in the country, along with the devastating environmental cost of continuing to rely on the generation of energy from traditional sources.
The offers European companies at a time put forward by some circles of economic and political developments in Egypt, the idea of postponing the establishment of a draft nuclear plant in the region of Dabaa coast of the North West for reasons related to the standards of nuclear safety, which came to the test after the explosion of a nuclear plant Japan two months ago, along with the high cost of establishment station Dabaa and some reports that the current government caretaker government has no right to make strategic decisions at this level without that you get a direct mandate from the people, which means sending the nuclear plants in full to the elected government coming to decide what you see on the popular mandate of which was obtained it through the ballot box.
The European proposal for a practical alternative to the draft nuclear plants in light of the tenuous situation the funding, where the former regime was planning to finance the project through the combination of programs for external borrowing and internal that is an item of public investment in the state budget did not include any provision for the establishment of plant Dabaa, which was uncovered by the budget the new work will begin the day after, and this means that the ability to make executive decisions in this file directly, despite the announcements of the Ministry of electricity near the project is put in front companies and international consulting offices to provide technical and financial proposals for the establishment of the station.
According to experts working in the field of energy, generating energy from renewable sources in Egypt, especially the solar energy and wind energy is a "cake" attractive investment to European companies because of the low cost of generating energy from these two areas in Egypt compared to other countries in North Africa to acquire Egypt's comparative advantages include the length of days and hours of sunshine in the coastal areas close to Europe and the availability of qualified human resources, trained and ready to work in this area, along with Hamas, Western financial institutions to finance the Egyptian projects of this kind of profitability high and growing demand for alternative energy future both in the countries of the South European, which will prepare a consumer market is ideal for clean energy or in the Egyptian domestic market itself is expected to witness an expansion in the next ten years of democracy in the light of the upcoming changes and the desire to redistribute the population geographically different regions of the dislocation density of population in ancient cities.
According to information obtained by the "Union", the size of investment needed in the first phase to launch a number of projects to generate solar energy in Egypt is about $ 5 billion, the investment provides the Egyptian treasury about 50 billion pounds, "equivalent to $ 9 billion at current prices" at the completion of implementation of these projects and their entry into operation, which means financial benefits large reaped by the market strongly enter the field of alternative energy, especially in light of decades ready to export part of the energy generated to the European market, and explains the conflict sides German and French to win the lion's share of this "cake "attractive, with Cairo received a delegation of more than eight major French companies specialized in this field.
And correspond to the desire of European companies to invest in the field of alternative energy in Egypt, with an ambitious strategy to the Ministry of Electricity Egyptian known as the strategy of alternative energy 2020, and which depend on the allocation of 67 percent of the investments required in this area of the local private sector and Arab and foreign investment and the commitment of government companies to the implementation of the remaining share.
The aim of this strategy is that alternative energy about 20 percent of energy use in Egypt by the year 2020, which provides tens of billions of pounds of investments required to create traditional plants for power generation to meet growing needs.
Seeks Egyptian Ministry of Electricity to attract more global investments in this area by providing facilities and financial incentives, tax and technical and logistical support and legal to encourage international companies to enter the Egyptian market to work to create solar power plants, where the plan is aimed at the Egyptian government to generate around 920 megawatts of solar energy first stage.
And reveals the beauty of Dr. Hussein, Consultant Project Qattara Depression to generate electricity from wind power, for a big future for alternative energy in Egypt. And refers to the possibility of becoming Egypt's largest source of clean energy for the countries of Western Europe, which provides considerable financial resources and sustainable development of the country.
The Beauty The trend to alternative energy has become mandatory in the coming years to the high cost of conventional energy and near the depletion of natural resources of gas or oil and damage to the environment from the negative effects of energy contaminated at the same time did not become a nuclear option for electricity generation a viable option for reasons of security and radiation leakage and the rejection of large segments of civil society in various countries around the world that the nuclear option as long as the alternative to provide a more secure and preserve the environment. He added that the speed of Egypt to enter this area through an alliance with global companies with considerable experience means reducing the response phase of crisis "hungry energy," which would threaten many of the world during the coming years, so the facilities that will be awarded for these companies play a crucial role in the preference for these companies to work in the Egyptian market compared to countries of North Africa, especially Tunisia, Algeria and Morocco, which has similar advantages in solar energy and wind energy.
And confirms Mohammed Dib, Managing Director of the National Bank Societe Generale, which played a significant role in attracting French companies to work in the Egyptian market in recent years that there is no problem of funding in alternative energy, as the major banks welcome to enter strongly in this promising area secured profitability a future orientation, in addition to energy projects in general, whether traditional or non traditional welcome by the international banks or local importance of this strategic sector and its relationship to direct economic growth.
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