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RE Business Delegation to Egypt

Published at: 11 mei 2009
bron: GACIC

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From 22nd to 26th June 2009 a German RE business delegation will visit Egypt. The delegation is organized by the German-Arab Chamber of Industry and Commerce in cooperation with DENA and supported by the BMWi. The delegation will meet Egyptian counterparts from private and public sector to discuss business and cooperation opportunities.

The delegation will face an investment friendly environment due to the expected increasing energy consumption (from 107 bn kWh in 2008 up to 149 bn kWh in 2020) and the successive reduction of energy subsidies. Combined with excellent climate conditions, investments in RE technologies seem to be inevitable for the public and private sector.

Furthermore, the Egyptian government commited to the Kyoto Protocol (2006) and in addition developed a national strategy, aiming to generate 20% of the overall electricity needs from renewables by 2020. To meet the goals the government created an incentive system to spur investments into renewables, such as tax examptions and reductions or in case of larger projects (such as B-O-O plants) the government is willing to provide land.

Hence all above mentioned factors are creating a local demand for sustainable energy supplies and technologies, creating plenty opportunities for German-Egyptian joint ventures.

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