In the current period, the government has opened the door for the private sector to enter and invest in projects to produce and sell electricity from clean energy… I wonder how these companies will sell their energy, and will the day come when we see private sector companies selling electricity to us in a mood far from the government… and their price per kilowatt will reach? Lakam
Every day, we hear or come across news or a topic on social media sites that the government has signed a new agreement with a private sector company to enter Egypt and invest in new and renewable energy projects that produce electricity using wind and solar energy and will pump these energies into the unified electricity grid. Here it comes whether in Do you think that these companies will sell electricity to the government, or how these companies will sell it to the citizen at all times, and if they sell to the citizen, the price for them will be less than the government or What is the story?
Before you get into a great confusion and your mind wanders over questions and answers that do not exist at all, I would like to tell you that Egypt is actually opening the door to the sea for foreign and international companies to enter Egypt and build projects to exploit the new energies of the sun, air, and wind energies, and these companies are entering Egypt and taking specific areas of The land is being used by projects to produce electricity using solar panels or operate turbines using wind energy to generate electricity. This is a new technology that exists. In the whole world, with the availability of billions of dollars, countries were using it to purchase petroleum materials, natural gas, and materials used by power plants to operate and generate electricity currently.
Ok, how will these companies sell their electricity, and how will they even calculate this energy?
The agreements that Egypt signs with these companies include a clause that stipulates that the government, represented by the Ministry of Electricity and Renewable Energy, will purchase the energy produced by these companies, and the purchase will often be in dollars, and currently Egypt is making storage batteries to store the energy that will be overflowing, so that it can export it whenever it wants and use it also in The time you need it.
Not only that, but also the state signed an agreement with the Norwegian company SCATEC, and the agreement was reached by the government paying 50% of the value of purchasing electricity from the company’s projects from the energy that it will produce from solar energy that will reach 1000 megawatts, which is in Egyptian pounds and the other percentage will be in dollars.
The agreement signed by the government with the Norwegian company SCATEC also includes payment of 50% of energy revenues in pounds for a period of 3 years from the date of operation of the project, and it will change to 25% in Egyptian pounds and 75% in dollars after the end of the third year and up to a period of 25 years, which is the total duration of the power purchase agreement for the project and the lifespan. Default for power plant.
All of these companies and the companies that are still to enter will be part of the Egyptian State Energy Strategy 2040, which includes the expansion of renewable energy projects, which is expected to reach 60% of the volume of energy consumed by 2040, and this will save Egypt billions of dollars with which the state used to buy fuel, natural gas, and diesel to operate generating stations. electricity .
