Egypt’s Prime
Minister Mustafa Madbouli convened a meeting to discuss collaborative efforts
in the field of new and renewable energy between Egypt and the United Arab
Emirates, focusing on the localization of related industries.
Madbouli emphasized
that the meeting reflects the ongoing commitment of both sides to jointly
address matters concerning new and renewable energy, as well as to promote the
localization of various industries.
The Prime Minister
emphasized a strong conviction that Egypt's energy future hinges on new and
renewable sources. He underscored the importance of exploring avenues to
integrate substantial amounts of such energy into the electrical grid and
coordinating efforts to localize industries linked to renewable energy
technologies, including solar panels and wind energy.
Madbouli highlighted
an agreement with Dr. Sultan Al Jaber, Minister of Industry and Advanced
Technology in the UAE, to devise an ambitious implementation plan. This plan
aims to swiftly integrate significant volumes of new and renewable energy into
the grid while advancing the localization of related industries.
He stressed that the
private sector, particularly experienced companies, will play a pivotal role in
executing these projects promptly. Madbouli noted the high-level political ties
between the two countries and ongoing cooperation to realize targeted projects
that benefit both nations.
The Prime Minister
pointed out the substantial rise in energy consumption, exceeding 37.3
gigabytes per day recently, underscoring the imperative to introduce
substantial amounts of new and renewable energy into the grid as the ultimate
solution.
Minister Sultan Al
Jaber of the UAE also emphasized that resolving Egypt's energy challenges is
both feasible and essential. He stressed the need for a clear roadmap for
Egypt's energy sector, outlining several cooperative mechanisms to be
implemented in the short, medium, and long terms. These efforts are aimed at
achieving a lasting solution to the energy issues in Egypt.
Source: Egypt Today