Latest news with #MahmoudEsmat
Zawya
5 days ago
- Business
- Zawya
Egypt: Electricity Minister probes strengthening energy cooperation with EIB, EU delegations
Arab Finance: Minister of Electricity and Renewable Energy Mahmoud Esmat held a meeting with Vice President of the European Investment Bank (EIB) Gelsomina Vigliotti and Director-General of the European Union (EU) Stefano Sannino to discuss strengthening cooperation in the energy sector, particularly in renewable energy, energy storage, and grid development, as per a statement. The meeting comes as part of the ministry's broader strategy to support private sector involvement and expand investment opportunities in Egypt's electricity and renewable energy projects. The discussions focused on enhancing joint efforts in areas such as new and renewable energy projects, battery-based energy storage systems, grid development, and cross-border electricity interconnection, especially with European countries via Italy and Greece. Esmat emphasized the ministry's commitment to creating a favorable investment climate through regulatory reforms and legislative amendments that facilitate private sector engagement. He noted that the ministry's energy transition plan prioritizes reducing fuel consumption, cutting carbon emissions, and increasing the share of renewables in Egypt's energy mix © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
5 days ago
- Business
- Zawya
Egypt: Esmat directs electricity sector to enhance preparedness as regional emergencies escalate
Arab Finance: Egypt's Minister of Electricity and Renewable Energy Mahmoud Esmat held a high-level meeting to review fuel reserves and direct electricity sector leaders to enhance preparedness to secure the national grid and ensure a stable power supply amid escalating emergency conditions in the region, as per a statement. Esmat affirmed the stability of the unified electricity grid and the continued availability of power across the country. He emphasized the need to increase the contribution of renewable energy to the energy mix and adopt new operational patterns to optimize fuel consumption and boost electricity generation efficiency. He instructed electricity distribution company heads to enhance their level of readiness, closely monitor the power supply situation, and maintain ongoing coordination with both company control centers and regional control units under the Egyptian Electricity Transmission Company (EETC). Esmat also stressed the importance of 24/7 on-site leadership presence and real-time monitoring to maintain grid stability and respond to any developments. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Egypt Today
03-06-2025
- Business
- Egypt Today
Egypt's El-Dabaa Nuclear Project Reaches Milestone with Incoming Turbine Generator
Egypt's Ministry of Electricity and Renewable Energy has confirmed that the El-Dabaa Nuclear Power Plant will receive the turbine generator for its first reactor unit before the end of 2025 — marking a major milestone in the country's flagship energy project. Minister of Electricity and Renewable Energy, Mahmoud Esmat, recently visited the facilities of Arabell Solutions and Framatome in Belfort, France, to inspect progress on the manufacturing of key components for the El-Dabaa reactors. The visit focused on reviewing the production status of power-generating turbines and evaluating the readiness of critical electrical systems, including generator assemblies and turbine parts. During the visit, the minister also examined the latest developments in the technical testing of the turbine generator for Unit 1. According to a statement issued by the ministry on Tuesday, Esmat was briefed by senior representatives from the two French companies regarding the readiness and performance of the plant's core electrical infrastructure. The ministry emphasized that the incoming turbine will be the largest of its kind ever installed in Egypt — and across the African continent — underscoring the scale and significance of the El-Dabaa project within the region's energy landscape.
Daily News Egypt
02-06-2025
- Business
- Daily News Egypt
Electricity Minister visits Europe's largest pumped-storage hydropower station to discuss renewable integration
As part of Egypt's efforts to modernize its energy infrastructure and expand renewable energy adoption, Minister of Electricity and Renewable Energy Mahmoud Esmat began his visit to France by touring the Grand Maison plant—Europe's largest pumped-storage hydropower station. The Grand Maison facility, located in the French Alps, plays a vital role in grid stability and is a flagship site for several EU-funded projects aimed at testing smart technologies that enhance hydropower's ability to support modern electricity networks. With a capacity of 1,800 megawatts and advanced reversible turbine systems, the plant is capable of quickly ramping up to full output in just three minutes, producing an annual total of 1,420 gigawatt-hours. The minister's visit falls within the framework of Egypt's national energy strategy and the electricity sector's plan to increase the share of renewable energy in the country's energy mix. This transition necessitates integrating advanced storage solutions—such as pumped-storage hydropower—to ensure the stability and sustainability of the national grid. During the visit, Esmat received a comprehensive briefing from plant officials on the Grand Maison's operational structure, including its two power stations—one above ground for conventional hydropower and another underground for pumping and generation. Officials also highlighted the plant's dual-mode turbine systems, which generate electricity during peak demand and operate as pumps during off-peak hours, storing energy for later use. Esmat praised the technological advancements at the facility, particularly its structural design, operating systems, and coordination with grid operators. He stressed the importance of Egypt learning from and collaborating with French expertise, especially in areas such as clean energy, grid stability, pumped-storage technology, smart control centers, technical training, and energy loss reduction. The minister emphasized Egypt's openness to expanding partnerships with French energy companies and attracting greater investment in the Egyptian energy sector. He reiterated the Ministry's commitment to encouraging both domestic and international private sector participation in energy infrastructure projects. Esmat reaffirmed the Ministry's strategic focus on diversifying the energy mix and enhancing the share of renewables in electricity generation. Under Egypt's national energy strategy, renewable energy is expected to account for over 42% of total generation by 2030 and 60% by 2040. The plan includes large-scale integration of energy storage technologies and the development of pumped-storage facilities to ensure reliability and reduce dependence on fossil fuels. The minister concluded by highlighting Egypt's dedication to maximizing the use of its natural resources, reducing carbon emissions, and transitioning to a low-carbon energy future through innovation, international cooperation, and robust private sector engagement.
Zawya
29-05-2025
- Business
- Zawya
Egypt awards qualification certificates for 4 private renewable energy projects worth $388mln
Arab Finance: The Minister of Electricity and Renewable Energy Mahmoud Esmat handed over qualification certificates for four private renewable energy projects under the private-to-private (P2P) system, with a total capacity of 400 megawatts and investments amounting to $388 million, as per a statement. These projects will produce and sell electricity directly to industrial consumers without state guarantees or financial burdens. The projects include solar and hybrid solar-wind plants, aligning with Egypt's National Energy Strategy and the government's policy to encourage private sector participation in sustainable energy development. Esmat emphasized that the Electricity Law aims to liberalize the electricity market, foster competition, and enhance service quality while lowering costs. He said the new regulatory framework creates a favorable environment for private investment and supports Egypt's transition toward a green economy. He also highlighted the importance of providing a fair and transparent regulatory system, reinforcing the role of regulatory authorities in monitoring compliance and ensuring the quality and efficiency of electricity services. The Electricity Utility and Consumer Protection Regulatory Agency (EgyptEra) completed the review of qualification applications for the private-to-private (P2P) system, in cooperation with an international consultant and the European Bank for Reconstruction and Development (EBRD). This helped develop the participation framework and agreements. A total of seven applications were submitted for renewable energy plants, each with a proposed capacity of 100 megawatts. Four companies received qualification certificates. Neptune Energy will supply the Suez Steel factory through a solar plant. AMEA Power will provide electricity to AP Moller (Suez Canal Container Terminal) and BEFAR Group using a solar plant. TAQA Power will deliver electricity to Ezz Steel Company via a hybrid solar and wind facility. Egypt-based renewable energy investment firm Enara Group will supply power to the Helwan Fertilizer Factory and the El Alamein Silicon Products Complex through another hybrid plant. These projects enable industrial firms to meet climate commitments and support the export of green products by relying on renewable energy sources. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
