A new report has come out on Egypt’s energy future. According to the report, 750 MW of wind projects are on the to-do list. Plus, a nice 100-MW solar plant is be built by 2017. The report covers everything from the country’s market organization to the energy policy of the country.
They analysed energy companies on the market are examined based on domestic production to energy price levels and taxes. Looking at the highlights of this report, it looks like Egypt is taking an aggressive approach toward renewable energy.
Heres some of the highlights posted on Businesswire:
Several gas-fired power plants are scheduled for completion in 2012 and 2013, totalling almost 5 500 MW.
By 2014, 750 MW of wind projects are expected to be commissioned (250 MW in the Gulf of Zayat and 2 * 250 MW in the Gulf of Suez).
A 100 MW solar power plant should be achieved in Kom Omna by 2017.
Oil and gas-producing countries in the Middle East posted a 10% increase in production in 2011 (+165 Mtoe) and consolidated their position as the world’s largest exporters of energy with a 12% increase in trade surplus.
The production of refined oil products rose slightly; by +0.6% overall but in Saudi Arabia by +4.7% as oil product exports fell by 2.4% while imports soared by 22% to satisfy the rising energy needs.
You can find the full report here, but it has to be purchased and is rather costly.
Source: Businesswire
Image Credit: wind turbines via Shutterstock
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