Electricity Ministry seeks more foreign contributions in energy projects

Electricity Ministry seeks more foreign contributions in energy projects

Comments Off on Electricity Ministry seeks more foreign contributions in energy projects. Minister of Electricity and Renewable Energy Mohamed Shaker said in an interview with Daily News Egypt that the coming period would witness greater participation from the private sector in energy production and distribution projects.. Egypt turned to electrical interconnection projects because it plays an important role in enhancing energy security and expansion in renewable energy in the medium and long terms.. Shaker added that the Electricity Ministry adopted several measures, initiatives, and reform policies to secure and sustain energy supply, improve energy efficiency, attract the private sector to invest in traditional and renewable energy, build smart networks, and enhance transparency and governance.. The ministry is currently studying the selling tariff of electricity to electric cars, as well as establishing charging units in coordination with the ministries of military production, industry, and public sector enterprises.. Shaker stressed that the Dabaa nuclear plant project will play a fundamental role in diversifying the energy resources in Egypt and enhancing its regional and international position, and places Egypt on an advanced technological breakthrough..