Contributed to the Ministry of Electricity’s decisionRenewable energy By reducing the cost of a kilowatt hour of renewable energy for 2 cents dollars for the sun and 3 cents for winds, in attracting foreign and domestic investments for renewable energy projects and thus implementing the Ministry’s plan to create a mixture of energy, diversifying the sources of electricity generation to liberalize the electricity market in Egypt, and increasing its capacity to Establishing electrical interconnection lines to become a global energy hub, which will benefit the citizen, who will enjoy a decrease in energy selling prices by 2030, and 5 stations are currently being built to generate electricity from solar and wind energy.
Dr. Mohamed Al-Khayyat, head of the New and Renewable Energy Authority, confirmed that the decision to reduce the price of a kilowatt hour of renewable energy to become 2 cents dollars for the sun and 3 cents dollars for winds contributed to attracting foreign and domestic investments in this field since the decision was issued.
In exclusive statements to Al-Youm Al-Sabea, Al-Khayyat explained that reducing the kilowatt hour price for 2 dollar cents for the sun and 3 cents for winds is considered the lowest cost in the world, explaining that Egypt is targeted to expand its dependence on renewable energy according to the Energy Strategy 2035.
Al-Khayyat revealed that 5 stations are currently being built to generate electricity from solar and wind energy in the Gulf of Suez and Comambo area in Aswan, with a total capacity of one thousand megawatts.
Al-Khayyat explained that the new stations to be constructed will be 500 megawatts of the sun in Aswan in the Comambo area and 500 megawatts of winds in the Gulf of Suez, pointing out that the total cost of these stations amounts to one billion and 500 million dollars.
Al-Khayyat indicated that the installation of solar panels for the project to establish stations with a capacity of 500 megawatts will start at the end of this year, explaining that the installation work for wind farms with a capacity of 500 megawatts is expected to start early next year.
Al-Khayyat said that wind projects with a capacity of 500 megawatts are also being implemented in the Gulf of Suez region (250 megawatts owned by the authority, 250 megawatts owned by the English company L’Equila), in addition to a project to generate electricity from solar cells with a capacity of 70 megawatts owned by the authority (50 megawatts in Zafarana area, 20 megawatts) Hurghada region), in cooperation with the German and Japanese governments.
Al-Khayyat added that the ministry has submitted a request to increase the share of renewable energy in the national electricity network by 2035 in the Council of Ministers, stressing that the ministry is awaiting approval to start implementing new projects to expand reliance on renewable energy to generate electricity.
Al-Khayyat added that the expansion of renewable energy projects will contribute to reducing the prices of consumed electricity sold, pointing out that the citizen will feel the importance of renewable energy within 10 years.
Al-Khayyat believes that the cost of producing electricity from renewable energy has become less than the previous one, which contributes to the possibility of expanding these projects greatly to maximize their benefit in the coming years, pointing out that the price per kilowatt hour of renewable energy has been reduced to 2 cents dollars for the sun and 3 cents a wind dollar, which is the least expensive in the world.
Al-Khayyat indicated that contracts for the construction of the Zafarana solar plant with a capacity of 50 megawatts are expected to be signed next month, confirming that the implementation of the station will start immediately after the signing of the contracts.
Al-Khayyat said that the Zafarana solar plant will be the first project to produce electricity from solar energy in the Red Sea coast region of Zafarana with a capacity of 50 megawatts, pointing out that this station will be established in cooperation with the German Construction Bank.