Egypt, Germany cooperate on renewable plan
Egyptian Minister of Electricity and Energy Dr. Hassan Younes stated that Egypt's wind and solar resources are bountiful enough that there should be no obstacle in achieving this goal.
To achieve this objective, Egypt will cooperate with countries with expertise renewable energy, as well as global institutions that can support such projects. In July 2010, Egyptian Prime Minister Dr. Ahmed Nazif signed cooperation agreements between Egypt and Germany in the field of renewable energy, one of which is to create the 32-megawatt MW Assiut Barrage hydropower plant in upper Egypt and the signing of a loan agreement with Egypt to implement of a 200-MW windfarm in the Gulf of El-Ziet in the Gulf of Suez.
Dr. Hassan Younes told Egyptian newspaper Al-Yum Al-Sabea that Germany contributed to the implementation of three projects in Egypt: efforts to renew and extend the life of Aswan's high dam, the refurbishment of generators and replacement of transformers, and a $26 million generator-replacement project.
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EIA projected that electricity demand is on track to slide to 4,000 billion kilowatt-hours (kWh) in 2023 from a historic high of 4,048 billion kilowatt-hours (kWh) in 2022, before rising to 4,062 billion kWh in 2024 as economic growth ramps up.
Less demand coupled with more electricity generation from cheap renewable power sources and lower natural gas prices is forecast…
