Emirati consortium studies implementing wind energy project in Egypt

The consortium is carrying out studies that will take two year. (Shutterstock)
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Updated 29 September 2020

Emirati consortium studies implementing wind energy project in Egypt

  • The coalition has submitted a request to the New and Renewable Energy Authority to allocate land for the purpose

CAIRO: Official sources at the Egyptian Ministry of Electricity and Renewable Energy revealed that an Emirati consortium is currently studying the implementation of a wind farm, with investments of about EGP 8 billion ($500 million).

The coalition has submitted a request to the New and Renewable Energy Authority (NREA) to allocate land for the purpose, and the authority has already agreed to it. The total capacity of the station is about 500 megawatts.

The consortium is carrying out studies that will take two years and that include measuring wind speed, monitoring bird migration and studying the soil for the project, which will take place in the Gulf of Suez region as it has a strong wind force, an important factor.

The station is expected to implement the BOO system (Build, Own, Operate), provided that the coalition sells the energy produced to the Egyptian Electricity Transmission Company, the operator of the national grid, entrusted with the purchase of energy.

The area of land allocated for the establishment of the project — in cooperation with the private sector under the usufructuary right system — is 7,872 km, according to data from the NREA.

The sources pointed out that the average selling price of renewable energy is currently declining, ranging between $0.02 to $0.025 per kilowatt hour. Land is allocated for 2 percent of the energy produced or its equivalent and throughout the project’s duration; then, the authority will recover it.

Egypt is rich in natural resources, including wind and solar energy, which makes it one of the largest producers of renewable energy. The total installed capacity of renewable energies is close to 20 percent of the maximum load.

Egypt plans to increase its total production of renewable energy to about 20 percent of the total electricity generated by 2022, of which 12 percent from wind, 6 percent from hydroelectricity, and 2 percent from solar.


Flydubai plane returns after inaugural service to Tel Aviv

Updated 26 November 2020

Flydubai plane returns after inaugural service to Tel Aviv

  • “Welcome to Dubai,” an immigration officer said as the passengers from Israel filed off the plane and into the glitzy Gulf city
  • The United Arab Emirates in September signed a landmark US-brokered deal to formalize relations with Israel

DUBAI: A flydubai aircraft landed in Dubai from Tel Aviv on Thursday, the first scheduled commercial flight between the two cities following the normalization of ties between the UAE and Israel.
“Welcome to Dubai,” an immigration officer said as the passengers from Israel filed off the plane and into the glitzy Gulf city, some of them waving and giving the peace sign.
Israeli Prime Minister Benjamin Netanyahu, who was on hand in Tel Aviv earlier when the flight arrived after the four-hour journey from Dubai, called it “a moment of history.”
“As-salaam alaikum (Peace be upon you),” he said to arriving passengers. “Come again and again and again.”
The United Arab Emirates in September signed a landmark US-brokered deal to formalize relations with Israel, the first such agreement by an Arab state in the Gulf.
Commenting on the accord in a tweet on Thursday, UAE President Sheikh Khalifa bin Zayed Al-Nahyan said it would foster “prosperity and progress” in the Middle East.
With their economies hard hit by the coronavirus pandemic, the UAE and Israel are hoping for rapid dividends from the normalization deal, including an influx of tourists as Dubai enters its winter high season.
“The start of scheduled flights will contribute to economic development and create further opportunities for investment,” flydubai chief executive Ghaith Al-Ghaith said when the service was announced earlier this month.
The Dubai carrier will fly the route twice daily, and Israeli airlines El Al and Israir are both expected to launch their commercial services between the cities next month.
Etihad Airways, based in the UAE capital Abu Dhabi, has said it will begin flying to Tel Aviv in March 2021.
The UAE became only the third Arab country to normalize ties with Israel, following Egypt in 1979 and Jordan in 1994.
The two countries have already signed treaties on visa-free travel — although that is yet to come into force — along with accords on investment protection, science and technology.
Since the historic agreement, Bahrain has also forged ties with Israel, while Sudan has agreed to do so in principle.