Thursday, 9 April 2015

Chinese experts in Egypt, moves to boost green energy cooperation

Chinese experts in Egypt, moves to boost green energy cooperationKIGALI (TOA) - A high level delegation comprising of energy experts from the state-owned Chinese companies have been in Egypt, in late December 2014 on an official visit aimed at boosting cooperation in new and renewable energy sector with the Northern African nation.

The Egyptian Environment Minister Khaled Fahmy who received the high level Chinese delegation said the visit is also aimed at boosting and giving impetus to the bilateral relations and to implement strategic cooperation between the two countries, which was signed during the visit of Egypt's President Abdel Fattah El Sisi to China.

During discussions, the two sides have also reviewed ways of promoting cooperation in the environmental domain through investments in field of bio-energy through generating energy from agriculture or industrial wastes and raising the level of investment between Cairo and Beijing.

Under the new partnership, a number of projects will be implemented before December 2015 by a group of Chinese companies that showed creativity to facilitate investment in off-grid energy options as a move to boost investment in alternative renewable energy and linkages for enterprise development in the northern African country.

In addition, it is believed that the Chinese intervention will complement current efforts of the Egyptian government to reform the power sector, which is currently in a very dismal state after various reports have described Egypt to be currently struggling to meet its own energy needs despite its oil and gas reserves. Read More...


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