Latest news with #RESCO
Daily News Egypt
5 hours ago
- Health
- Daily News Egypt
Africa's health future must be shaped from within: Egyptian minister
Egypt's Minister of Health and Population, Khaled Abdel Ghaffar, affirmed that the future of healthcare in Africa must be defined by the continent's own priorities and lived realities. He emphasised that while international partnerships are welcome, they must align with African needs and ensure genuine ownership, sustainability, and long-term impact. Speaking at the closing session of the Regional Steering Committee (RESCO) meeting in Cairo, Abdel Ghaffar expressed Egypt's pride in hosting the event and reiterated the country's firm commitment to implementing its outcomes to help deliver tangible improvements in public health across Africa. The minister noted that the discussions were marked by dynamic exchanges on healthcare investment and the need for equitable and sustainable solutions, contributing to the development of a practical and forward-looking roadmap for the continent's health systems. Abdel Ghaffar outlined three strategic priorities agreed upon during the meeting. First, he stressed the urgent need to strengthen domestic health financing. This, he said, requires integrating health into national development strategies and mobilising internal resources to guarantee universal health coverage. The second priority involves enhancing local manufacturing of medicines and medical supplies—an essential step to expand healthcare access, bolster local economies, and reinforce resilience to future health crises. The third key area focuses on accelerating the digital transformation of health systems. This includes investing in digital infrastructure, establishing integrated electronic health records, developing early warning systems, and improving disease surveillance platforms. Abdel Ghaffar pointed to Egypt's own advancements in this area and reaffirmed the country's readiness to support regional efforts in building interoperable digital health networks. In closing, the minister called for stronger regional coordination through technical and steering committees, describing them as essential tools to support both political and technical leadership across the continent. 'Let us work together towards a stronger, healthier, and more united Africa,' he concluded.
Time of India
19-05-2025
- Business
- Time of India
CREST to introduce RESCO model solar project for govt-built properties
Chandigarh: In a move to boost solar energy production and utilisation in the city, the Chandigarh Renewal Energy and Science and Technology Promotion Society (CREST) is set to introduce the RESCO ( Renewable Energy Service Company) model rooftop solar panel installation on govt-built properties. Considered as a significant revenue model, CREST has identified properties of the Chandigarh Housing Board (CHB) and Chandigarh municipal corporation to roll out these solar projects in Chandigarh, initially with 3-megawatt (MW) solar plants for each identified property of these govt entities. CREST has identified CHB's Sector 51 Housing Society, where this RESCO project will be first implemented. The authority held a meeting with the resident welfare association (RWA) of the society, following which the memorandum of understanding (MoU) was prepared. Later, the govt properties under the MC will be planned under the segment. The MC has already provided lists of their properties to CREST. "Under the RESCO model for government buildings, a private agency will bear the complete installation cost of the solar plant, requiring no financial investment from the Chandigarh administration. The revenue structure involves the agency selling the generated electricity to the Chandigarh Power Distribution Limited (CBDL) at Rs 4.96," UT officials said. "The RESCO project incorporates the Rent on Roof component, enabling government building owners to receive yearly payments. For instance, the CHB Sector 51 RWA anticipates an annual income of approximately rupees 30 lakhs, whilst the MC will similarly receive yearly earnings from the company post-installation of the solar project through this RESCO model," UT officials added. Though the exact financial details are being worked out, initial estimates suggest an investment of approximately Rs 15 crore for each 3-megawatt solar project under the RESCO model on these government properties. CREST has finalised the MoU and is now developing the tender document, considering various aspects including practical feasibility, longevity, and revenue potential. The tender will be floated once the document is complete. Imp Box: Project for pvt properties awaits nod The RESCO model solar plants project for private residential properties awaits approval from the Ministry of New and Renewable Energy (MNRE). Chandigarh administration submitted comprehensive documentation three months ago, requesting permission for 5 to 10-kilowatt capacity installations instead of the standard 3-kilowatt limit. The administration justified this request citing higher than national average power consumption in Chandigarh. Despite positive initial responses, formal approval remains pending. Under the model, residents can get rooftop solar power plants installed free of cost, as the company bears the cost of installation. The company operates and transfers the ownership of the plant to the homeowner after around 15 years. The UT proposal for the RESCO model began nearly five years ago and received approval from the Joint Electricity Regulatory Commission (JERC) in Jan 2023. The tendering process started in March 2023. The CREST put on hold the tender process for RESCO model implementation in February last year, which was in the final stages of work allotment for 40MWp. CREST had shortlisted four firms for the work allotment. It decided to wait for the central govt guidelines on the project. RESCOs will be selected by CREST through a competitive bidding process, with the build-operate-transfer (BOT) period as the bidding parameter.
Time of India
19-05-2025
- Business
- Time of India
CREST to introduce RESCO model solar project for govt-built properties
1 2 Chandigarh: In a move to boost solar energy production and utilisation in the city, the Chandigarh Renewal Energy and Science and Technology Promotion Society (CREST) is set to introduce the RESCO ( Renewable Energy Service Company) model rooftop solar panel installation on govt-built properties. Considered as a significant revenue model, CREST has identified properties of the Chandigarh Housing Board (CHB) and Chandigarh municipal corporation to roll out these solar projects in Chandigarh, initially with 3-megawatt (MW) solar plants for each identified property of these govt entities. CREST has identified CHB's Sector 51 Housing Society, where this RESCO project will be first implemented. The authority held a meeting with the resident welfare association (RWA) of the society, following which the memorandum of understanding (MoU) was prepared. Later, the govt properties under the MC will be planned under the segment. The MC has already provided lists of their properties to CREST. "Under the RESCO model for government buildings, a private agency will bear the complete installation cost of the solar plant, requiring no financial investment from the Chandigarh administration. The revenue structure involves the agency selling the generated electricity to the Chandigarh Power Distribution Limited (CBDL) at Rs 4.96," UT officials said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Flexible Phone Plans for Small Biz Undo "The RESCO project incorporates the Rent on Roof component, enabling government building owners to receive yearly payments. For instance, the CHB Sector 51 RWA anticipates an annual income of approximately rupees 30 lakhs, whilst the MC will similarly receive yearly earnings from the company post-installation of the solar project through this RESCO model," UT officials added. Though the exact financial details are being worked out, initial estimates suggest an investment of approximately Rs 15 crore for each 3-megawatt solar project under the RESCO model on these government properties. CREST has finalised the MoU and is now developing the tender document, considering various aspects including practical feasibility, longevity, and revenue potential. The tender will be floated once the document is complete. Imp Box: Project for pvt properties awaits nod The RESCO model solar plants project for private residential properties awaits approval from the Ministry of New and Renewable Energy (MNRE). Chandigarh administration submitted comprehensive documentation three months ago, requesting permission for 5 to 10-kilowatt capacity installations instead of the standard 3-kilowatt limit. The administration justified this request citing higher than national average power consumption in Chandigarh. Despite positive initial responses, formal approval remains pending. Under the model, residents can get rooftop solar power plants installed free of cost, as the company bears the cost of installation. The company operates and transfers the ownership of the plant to the homeowner after around 15 years. The UT proposal for the RESCO model began nearly five years ago and received approval from the Joint Electricity Regulatory Commission (JERC) in Jan 2023. The tendering process started in March 2023. The CREST put on hold the tender process for RESCO model implementation in February last year, which was in the final stages of work allotment for 40MWp. CREST had shortlisted four firms for the work allotment. It decided to wait for the central govt guidelines on the project. RESCOs will be selected by CREST through a competitive bidding process, with the build-operate-transfer (BOT) period as the bidding parameter.
