Egypt plans to meet 20% of electrical energy demand from renewable energy resources by the year 2020, including about 12% from wind power, hydro power with additional contributions from other renewable energies. Egypt is among the first countries to tap the $5.2bn fund currently supported by eight governments and managed by the World Bank. Egypt plans to use $300m to meet this target. Under business-as-usual conditions, Egypt's greenhouse gas emissionswould increase by 50% increase from 2007 levels in the electricity sector alone. Electricity and transport contribute over 70% of the greenhouse gas emissions in the country. Egypt plans to develop a 7200 MW wind power capacity by 2020, cutting vehicle emissions in heavily populated regions through improved public transportation systems and making industry more energy efficient. To date, about 400 MW has been installed thanks to funds from the World Bank and international institutions.
Interested in Global Energy Research?
Enerdata's premium online information service provides up-to-date market reports on 110+ countries. The reports include valuable market data and analysis as well as a daily newsfeed, curated by our energy analysts, on the oil, gas, coal and power markets.
This user-friendly tool gives you the essentials about the domestic markets of your concern, including market structure, organisation, actors, projects and business perspectives.