Latest news with #MahmoudEssmat
Zawya
20-03-2025
- Business
- Zawya
Egypt, Siemens Gamesa sign agreement for 500 MW wind farm in Gulf of Suez
Egyptian Prime Minister Mostafa Madbouly witnessed on Wednesday the signing of an agreement between the Egyptian Electricity Transmission Company (EETC) and Siemens Gamesa Renewable Energy for the construction of a 500 MW wind power plant in the Gulf of Suez. The ceremony was also attended by Minister of Electricity and Renewable Energy Mahmoud Essmat. The agreement was signed by EETC Chairperson Mona Rizk and Siemens Gamesa Egypt CEO Ayman Saad. This collaboration aligns with Egypt's energy strategy, reinforcing the Ministry of Electricity and Renewable Energy's commitment to expanding the role of renewables in the national energy mix. It also strengthens public-private partnerships, encouraging greater private sector involvement in the development of solar and wind energy projects. Under the agreement, Siemens Gamesa will be responsible for the construction, financing, and operation of the wind power plant. The project is set to significantly increase the share of renewable energy in Egypt's electricity supply, supporting the country's ambitious clean energy targets. Egypt aims to generate 42% of its electricity from renewable sources by 2030 and 65% by 2040. This initiative will help reduce reliance on fossil fuels, cut carbon emissions, and promote sustainable energy solutions. Minister Mahmoud Essmat emphasized that the project is a key component of the government's strategy to enhance the renewable energy sector, maximize the use of natural resources, and mitigate environmental impact. He highlighted Siemens Gamesa's long-standing partnership with Egypt in advancing renewable energy projects. 'The government firmly believes that renewable energy is essential for sustainable development, environmental protection, and ensuring a better future for future generations,' Essmat stated. He noted that Egypt is home to some of the largest renewable energy projects in the Middle East, all developed in close collaboration with the private sector. Ayman Saad, CEO of Siemens Gamesa Egypt, expressed enthusiasm about the partnership, stating: 'Our long and successful history in Egypt has contributed to generating 1.5 GW of electricity from clean energy sources. We are excited about this agreement and look forward to further expanding our contributions to Egypt's renewable energy landscape.' This agreement marks another milestone in Egypt's transition to a more sustainable energy future, reinforcing its leadership in renewable energy within the region.
Daily News Egypt
19-03-2025
- Business
- Daily News Egypt
Egypt, Siemens Gamesa sign agreement for 500 MW wind farm in Gulf of Suez
Egyptian Prime Minister Mostafa Madbouly witnessed on Wednesday the signing of an agreement between the Egyptian Electricity Transmission Company (EETC) and Siemens Gamesa Renewable Energy for the construction of a 500 MW wind power plant in the Gulf of Suez. The ceremony was also attended by Minister of Electricity and Renewable Energy Mahmoud Essmat. The agreement was signed by EETC Chairperson Mona Rizk and Siemens Gamesa Egypt CEO Ayman Saad. This collaboration aligns with Egypt's energy strategy, reinforcing the Ministry of Electricity and Renewable Energy's commitment to expanding the role of renewables in the national energy mix. It also strengthens public-private partnerships, encouraging greater private sector involvement in the development of solar and wind energy projects. Under the agreement, Siemens Gamesa will be responsible for the construction, financing, and operation of the wind power plant. The project is set to significantly increase the share of renewable energy in Egypt's electricity supply, supporting the country's ambitious clean energy targets. Egypt aims to generate 42% of its electricity from renewable sources by 2030 and 65% by 2040. This initiative will help reduce reliance on fossil fuels, cut carbon emissions, and promote sustainable energy solutions. Minister Mahmoud Essmat emphasized that the project is a key component of the government's strategy to enhance the renewable energy sector, maximize the use of natural resources, and mitigate environmental impact. He highlighted Siemens Gamesa's long-standing partnership with Egypt in advancing renewable energy projects. 'The government firmly believes that renewable energy is essential for sustainable development, environmental protection, and ensuring a better future for future generations,' Essmat stated. He noted that Egypt is home to some of the largest renewable energy projects in the Middle East, all developed in close collaboration with the private sector. Ayman Saad, CEO of Siemens Gamesa Egypt, expressed enthusiasm about the partnership, stating: 'Our long and successful history in Egypt has contributed to generating 1.5 GW of electricity from clean energy sources. We are excited about this agreement and look forward to further expanding our contributions to Egypt's renewable energy landscape.' This agreement marks another milestone in Egypt's transition to a more sustainable energy future, reinforcing its leadership in renewable energy within the region.
Zawya
04-03-2025
- Business
- Zawya
Egypt's Electricity Minister affirms commitment to stable power supply, renewables expansion
Egypt's Minister of Electricity and Renewable Energy, Mahmoud Essmat, addressed the Senate on Monday, outlining the ministry's ongoing efforts to ensure a stable, high-quality electricity supply and its future plans for the sector. He affirmed the government's commitment to providing reliable power across all sectors. Essmat highlighted the ministry's urgent plan to enhance the efficiency of generation, transmission, and distribution systems. This plan, he said, aims to improve quality, maximise returns from existing infrastructure, optimise system operations, address technical and commercial losses, reduce fuel consumption, and ensure a reliable electricity supply. The minister participated in a Senate session discussing reports on the future of energy, renewable energy, the energy mix, and addressing challenges in the electricity sector. Essmat emphasised the strong support and continuous oversight from the Egyptian leadership for the electricity and renewable energy sector. He noted the state's focus on this vital sector, recognising electricity as the cornerstone of development across various fields, aligning with the sustainable development plan and the goals of the 'New Republic.' He highlighted the complete reconstruction of infrastructure and legislative enhancements. He stressed that every citizen deserves access to reliable electricity service, reflecting the significant investments in infrastructure across all sectors, especially within the electricity sector. The minister stated that the ministry's work programme, along with its affiliated companies and agencies, is based on optimal economic operation, efficient resource management, maximising returns to improve the quality of electricity supply, and addressing technical and commercial losses. He detailed efforts to enhance the efficiency of existing power plants, modify operational patterns, adhere to maintenance schedules based on international standards, and closely monitor the implementation of new generation capacity to meet growing demand. The peak load of the unified network increased from 34,200 megawatts in 2022/2023 to 38,000 megawatts in 2023/2024, an increase of approximately 8%, and further increases are anticipated for the coming summer, for which preparations are underway. Essmat described the urgent plan implemented over recent months to improve the quality and stability of electricity supply, enhance services, and upgrade distribution networks nationwide. He emphasised the importance of continuous field presence, direct communication with consumers, accurate data collection, and intensified monitoring and inspection efforts. He also affirmed the commitment to expanding renewable energy and green hydrogen projects and localising related industries. Egypt's energy strategy aims to increase the contribution of renewable energy to the energy mix to 42% by the end of 2030, reaching 65% by 2040. This includes developing and modernising the grid to accommodate renewable energy integration, collaborating with international consulting firms, and utilising network analysis software, considering optimal economic operation in line with the Egyptian Electricity Transmission Company's role as grid operator under the new Electricity Law. Essmat further addressed the ongoing integration of modern technology, governance of the metering system, and service improvement for citizens. This includes projects to develop electricity distribution networks, control centres, replace traditional meters with prepaid and smart meters, and upgrade customer service centres. These initiatives fall under the plan to strengthen and develop the unified national grid. He highlighted the smart meter installation project, energy efficiency improvement projects, and the replacement of traditional meters with prepaid meters, along with efforts to simplify service applications and expand the installation of coded meters. He stressed that citizens deserve reliable service reflecting the sector's advancements while also taking measures to prevent theft, protect the network from illegal loads, and ensure accurate asset inventory for better management and financial resource optimisation. The minister elaborated on the National Energy Strategy and its executive plans, aiming to position Egypt as a regional energy hub connecting Africa, Europe, and the Middle East, leveraging its strategic location and infrastructure projects. He mentioned existing electricity interconnection projects with neighbouring countries like Sudan, Libya, and Jordan, as well as the ongoing project with Saudi Arabia expected to launch this year. He discussed the shared vision with the European Union for electricity interconnection, highlighting the Egypt-Greece and Egypt-Italy projects as crucial for regional energy integration. These projects promote cross-border clean electricity transfer, supporting sustainable energy needs and grid stability. He added that Egypt is strengthening cooperation with African countries to achieve energy integration, share technical expertise, and support renewable energy projects across the continent to meet the growing energy demand.
Daily News Egypt
04-03-2025
- Business
- Daily News Egypt
Egypt's Electricity Minister affirms commitment to stable power supply, renewables expansion
Egypt's Minister of Electricity and Renewable Energy, Mahmoud Essmat, addressed the Senate on Monday, outlining the ministry's ongoing efforts to ensure a stable, high-quality electricity supply and its future plans for the sector. He affirmed the government's commitment to providing reliable power across all sectors. Essmat highlighted the ministry's urgent plan to enhance the efficiency of generation, transmission, and distribution systems. This plan, he said, aims to improve quality, maximise returns from existing infrastructure, optimise system operations, address technical and commercial losses, reduce fuel consumption, and ensure a reliable electricity supply. The minister participated in a Senate session discussing reports on the future of energy, renewable energy, the energy mix, and addressing challenges in the electricity sector. Essmat emphasised the strong support and continuous oversight from the Egyptian leadership for the electricity and renewable energy sector. He noted the state's focus on this vital sector, recognising electricity as the cornerstone of development across various fields, aligning with the sustainable development plan and the goals of the 'New Republic.' He highlighted the complete reconstruction of infrastructure and legislative enhancements. He stressed that every citizen deserves access to reliable electricity service, reflecting the significant investments in infrastructure across all sectors, especially within the electricity sector. The minister stated that the ministry's work programme, along with its affiliated companies and agencies, is based on optimal economic operation, efficient resource management, maximising returns to improve the quality of electricity supply, and addressing technical and commercial losses. He detailed efforts to enhance the efficiency of existing power plants, modify operational patterns, adhere to maintenance schedules based on international standards, and closely monitor the implementation of new generation capacity to meet growing demand. The peak load of the unified network increased from 34,200 megawatts in 2022/2023 to 38,000 megawatts in 2023/2024, an increase of approximately 8%, and further increases are anticipated for the coming summer, for which preparations are underway. Essmat described the urgent plan implemented over recent months to improve the quality and stability of electricity supply, enhance services, and upgrade distribution networks nationwide. He emphasised the importance of continuous field presence, direct communication with consumers, accurate data collection, and intensified monitoring and inspection efforts. He also affirmed the commitment to expanding renewable energy and green hydrogen projects and localising related industries. Egypt's energy strategy aims to increase the contribution of renewable energy to the energy mix to 42% by the end of 2030, reaching 65% by 2040. This includes developing and modernising the grid to accommodate renewable energy integration, collaborating with international consulting firms, and utilising network analysis software, considering optimal economic operation in line with the Egyptian Electricity Transmission Company's role as grid operator under the new Electricity Law. Essmat further addressed the ongoing integration of modern technology, governance of the metering system, and service improvement for citizens. This includes projects to develop electricity distribution networks, control centres, replace traditional meters with prepaid and smart meters, and upgrade customer service centres. These initiatives fall under the plan to strengthen and develop the unified national grid. He highlighted the smart meter installation project, energy efficiency improvement projects, and the replacement of traditional meters with prepaid meters, along with efforts to simplify service applications and expand the installation of coded meters. He stressed that citizens deserve reliable service reflecting the sector's advancements while also taking measures to prevent theft, protect the network from illegal loads, and ensure accurate asset inventory for better management and financial resource optimisation. The minister elaborated on the National Energy Strategy and its executive plans, aiming to position Egypt as a regional energy hub connecting Africa, Europe, and the Middle East, leveraging its strategic location and infrastructure projects. He mentioned existing electricity interconnection projects with neighbouring countries like Sudan, Libya, and Jordan, as well as the ongoing project with Saudi Arabia expected to launch this year. He discussed the shared vision with the European Union for electricity interconnection, highlighting the Egypt-Greece and Egypt-Italy projects as crucial for regional energy integration. These projects promote cross-border clean electricity transfer, supporting sustainable energy needs and grid stability. He added that Egypt is strengthening cooperation with African countries to achieve energy integration, share technical expertise, and support renewable energy projects across the continent to meet the growing energy demand.
Zawya
10-02-2025
- Business
- Zawya
Egypt's minister highlights partnerships, investment in renewable energy
Egypt - Mahmoud Essmat, the Minister of Electricity and Renewable Energy, has reaffirmed Egypt's commitment to establishing partnerships, attracting private sector investment, and promoting participation in energy projects. He emphasized that there are numerous economic and investment opportunities within the sector, and the ministry is focused on creating an attractive investment environment by addressing obstacles faced by private sector development partners. Speaking at the Akhbar El-Youm Economic Conference, Essmat highlighted several measures aimed at facilitating these goals. These include legislative reforms, the enactment of the Electricity Law (designed to fully liberalize the electricity market), land allocation for renewable energy projects, efforts to localize technology, the expansion of the electrical equipment industry, and the establishment of new industries for renewable energy equipment—leveraging available raw materials, industrial resources, and skilled labor. He underscored the significant role renewable energy plays in combating climate change, reducing carbon emissions, and ultimately achieving zero emissions while decreasing reliance on traditional fuels. Essmat also mentioned that the electricity sector is implementing an urgent plan to reduce dependence on traditional energy sources and fossil fuels. This plan includes adding 22,815 MW of capacity from solar and wind energy by 2030 and, for the first time, incorporating energy storage batteries. The minister explained that an integrated plan is underway to enhance the efficiency of the electrical grid, allowing it to absorb new renewable energy capacities with maximum efficiency and minimal loss. This involves a gradual transition from a traditional grid to a smart grid, utilizing the latest technologies as part of the recently adopted energy strategy. He noted that this strategy is a central element of Egypt's Vision 2030 and aligns with the 17 UN Sustainable Development Goals. Essmat stated that the sector has made significant progress toward its goal of achieving 42% renewable energy in the energy mix by 2030, with a target of 65% by 2040. He attributed this success to the consistent support and ongoing oversight from President Abdel Fattah Al-Sisi. He further asserted that the current global energy crisis validates Egypt's vision and strategy for diversifying energy sources. He expressed confidence in the Ministry of Electricity's ability to anticipate and address future energy trends. Essmat outlined that Egypt's Vision 2030 aims to balance development and environmental preservation, increase reliance on renewable energy, and promote sustainable consumption and production patterns. He also highlighted ongoing efforts to strengthen electrical interconnection projects, which are crucial for enhancing energy security and increasing the use of renewable energy in the medium and long term. He acknowledged the importance of these projects in fostering cooperation, dialogue, and shared economic interests between nations.
