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EnergyNet has announced its upcoming Egypt Energy Investment Summit to be held in Cairo. The Egypt Energy Investment Summit, scheduled to take place on February 16-18, will bring together the Egyptian government officials, regulators and public sector stakeholders to discuss the role of DFIs and the private sector to fund and build 30GW of electricity generation, transmission and distribution projects.

EnergyNet is the organiser of global portfolio of investment meetings, investment forums and executive dialogues focused specifically on the power and industrial sectors across Africa. The Egypt Energy Investment Summit, designed to drive forward investments into Egypt’s energy sector, will cover central issues including the progress in the renewable energy feed-in tariff (FIT) programme, the ‘Build-Own-Operate’ projects and the IPP scheme, and showcase the pro-activeness of government to engage credible investors efficiently and commercially.

Speaking recently about the signing of the Dairut IPP deal, H.E. Dr. Mohamed Shaker El Markabi, Minister of Electricity and Renewable Energy, said, “Egypt is committed to meeting its energy needs and access to electricity to promote economic growth is an absolute priority.”

Egypt’s National Energy Strategy will also be discussed with all stakeholders including the New and Renewable Energy Authority, EgyptERA, Egyptian Electricity Holding Company participating, as well as the leading private and international investors Elsewedy, EGAS, World Bank, AfDB, IFC, EBRD, KfW, The Egyptian Exchange, Schneider Electric, Siemens, ABB, among others.

Speaking on the aims of the National Energy Strategy 2035, Eng. Hatem Waheed, Managing Director, Egyptian Electricity Utility and Consumer Protection Regulatory Agency, said, “Egypt will create a highly competitive and proper environment for new investment in conventional and renewable energy and energy efficiency.”

South Africa’s Department of Energy and IPP Office will also participate at the summit, sharing experience of their hugely well-received REIPPP (Renewable Energy Independent Power Producer Procurement) programme and collaborating with Egyptian stakeholders to promote renewable energy development in the country.

The participation of South Africa will focus heavily on the future of Egypt’s gas strategy and discuss what role Egypt could play in South Africa’s Gas IPPP Programme, as well the potential for South African coal in Egypt’s massive Coal IPP Programme. The scale of this partnership would create a South-East Africa Trade Corridor, drawing in countries such as Mozambique, Tanzania and Kenya, boost agriculture, mining and all sectors, and increase energy access and wealth for billions of people across the region.