OBG praises Egypt's efforts in renewable energy
The Economic Research Foundation Oxford Business Group commended Egypt's efforts to enhance its potential in the field of electricity generation through renewable energy sources.
In a report published on its website, the firm said that government administrators in Egypt are seeking to increase the production of electricity through solar energy and other renewable energy sources.
The statement added that the Ministry of Electricity plans to increase by the year 2022, the amount of energy generated using renewable sources from the current ratio of 12 percent to 20 percent of total.
The report referred to energy agreements signed by the government during the month of November 2016, estimated at about US$662 million to provide about 400 megawatts of solar energy, as part of the Egyptian government plan to expand investment in electricity networks.
Read the full article via Egypt Independent.
[Photo by Edgardo W. Olivera | Flickr]
