16th February 2016 - 18th February 2016
16th February 2016 - 18th February 2016
Investing in Egypt's Energy Future
CAIRO, 16-18 February 2016
Between 16th and 18th February 2016, Egypt’s government, regulators and public sector stakeholders discussed the role of DFIs and the private sector to fund and build 30GW of electricity generation, transmission and distribution projects that are about to go to tender, and projects which will require additional investments and partnerships to be completed.
With the official endorsement of the Egyptian Electricity Holding Company and the New and Renewable Energy Authority, the meeting gathered the leading industry experts and the government to look into strategies to increase private investment into Egypt's power sector and discuss the private sector’s role in recently agreed power and infrastructure development deals.
Among confirmed speakers were:
- Mohamed Shoieb, Energy Expert, Former Chairman, EGAS
- Ihab Mehawed, Managing Director, Orascom Construction
- Dr Yehia Shankir, Director, Renewable Energies and Business Development, Elsewedy
- Eng Emad Ghaly, Senior Executive Vice President for Wind and Renewables, Siemens
- Torstein Berntsen, Executive Vice President, Power Production and Asset Management, Scatec Solar
- Naji Jreijiri, Chief Executive Officer, ABB SAE
- Mohamed Saad, President Africa & Caribbean Zone, Schneider Electric
- Hamid Al Zayani, Managing Director, Midal Cables
- Dr Ahmed Bahgat, Chairman and CEO, Benchmark Power International
- Neside Tas Anvaripour, Chairwoman, Themis
- Eng Ahmed Kamal Abdel Monem, Executive Director, Federation of Egyptian Industries
- Ashish Khanna, Lead Energy Specialist, World Bank
- Khaled El-Askari, Principal Energy Officer, African Development Bank
- Christophe Lucet, Head of Near-East, European Investment Bank
- Cornelius Matthes, Board Member, MESIA
- Craig Connell, Senior Vice President, Director of Asia and EMEIA, Power Generation Services, Black and Veatch
View the media coverage here
Offical post show report will be available shortly
Over the last five years, Egypt has changed considerably - both politically and in regards to its energy needs. The success of the government to initiate its investment strategy has been both swift and effective.
It is therefore critical for investors to understand from the government the priority focus of investment, and the longer term guarantees being provided to protect international investment.
No previous forum will have provided such a focused platform for investment generation into Egypt, re-igniting the success of its industrial sectors and contributing significantly to employment and energy access for all Egyptians.
What's happening in the sector?
With a chronic electricity supply shortage, Egypt is in desperate need of additional generation capacity of 13 GW to meet soaring domestic power demands over the next five years.
Considering its vast array of natural resources the country is poised to become one of Africa’s leading renewable energy markets; the solar PV and wind markets are estimated to each grow to around 2 to 3 GW over the next 5 years.
Egypt has a goal of increasing its share of new & renewable energy to 20% by 2020 (the country will procure 4.3 GW of solar and wind power production by 2017), and is also seeking to diversify its energy mix by using coal to fuel power plants. As a result, the Egyptian government is ready to explore partnerships with international investors and developers who can contribute to making these energy goals a reality.
Investor confidence is growing following the success of renewable energy tenders earlier this year, and boosted by an investment of US$17 billion into the country’s oil & gas sector by foreign oil companies.
Egypt at the Africa Energy Forum 2015
The Africa Energy Forum - the most established and largest c-suite investment conference for Africa' s power sector- put Egypt under the spotlight this year in a focused panel discussion about the challenges and opportunities currently facing the country's power sector.
Download the Egypt Energy Efficiency Country Profile
Download the Egypt Renewable Energy Profile
Download the AfDB Clean Energy in Egypt Report
Energy companies pledge billions of dollars of Egypt investment
Energy Investments Boost Egypt's Recovering Economy
Egypt on path to become 'renewable energy powerhouse'
Egypt: Wind potential vs. political instability
European Development Banks To Finance Egyptian Renewable Energy Projects
- Over the last 10yrs Egypt has redefined its investment landscape and is seeing massive projects and partnerships being signed with some of the world’s most technologically advance businesses.
- How is the public sector driving forward reforms that are facilitating such deals and how are these multibillion deals opening up Egypt’s electricity sector for broader investment?
- Should we be talking ‘smart cities’?
- How much investment in transmission is required and what will be the role of the private sector to deliver this?
- Egypt has bold and ambitious aspirations to increase its share of renewable energy to 20% of its total energy mix by the year 2020. How will this be achieved?
- What regional cooperation is needed to support these aspirations?
- Is there potential for an REIPPP programme like South Africa’s hugely successful offering?
- What does the tariff structure look like to support such a programme in Egypt?
- Once a huge gas exporter, Egypt now looks to utilise its gas resources for generating power for domestic and industrial output. What’s the anchor programme for gas investment?
- Following recent discoveries like the Zohr gas field, Egypt could become a gas hub in the Eastern Mediterranean with an export corridor to Europe, what is the potential scale of the opportunity for investors?
- Egypt has overcome challenging times to position itself as transparent and open for business; how has the project financing sector adapted to support the aspirations of investors?
- What are the effects of the power purchase agreement tariff and exchange rates on operations?
- What will be the role of MIGA and government backed guarantees to secure investment?
- How much capacity is there in the local banking/financing sector to fund the gap?
- What opportunities exist for international financiers?
- How important is the development of the energy sector for social and political stability? How can it transform Egypt?
- Are international participants/investors doing enough?
- Economically, socially and environmentally sustainable infrastructure and power investments, can they actually enhance investor profits and reduce risk?
- What recent progress has been made in the development of the power sector with specific projects and has this translated into economic and social development?
To submit a topic or register interest in a speaking opportunity at this meeting, please drop us an email
The Egypt Energy Investment Summit was held at the Nile Ritz-Carlton, Cairo
- Participate in a focused, investment-level platform to explore opportunities to develop Egypt’s power and industrial sectors
- Discuss insights with investors and public sector leaders to gain a genuine overview of the landscape for investment in 2015
- Egypt Power Project Show Case – detailed case studies will explore the critical success factors in getting projects off the ground, and what the major trends will be in the energy sector over the next 5-10 years
- Network with leading power developers, investors and technology and solution providers at a business development lunch, coffee break or champagne reception
- The world largest investment forum for Africa’s power sector, the Africa Energy Forum's Egypt session this year proved overwhelmingly popular - participate in our first meeting in North Africa to take advantage of EnergyNet's global network of African focused investors and developers
Manitoba Hydro International (MHI) assists clients around the world to deliver electricity and natural gas efficiently, effectively, and in a sustainable manner. As a wholly owned subsidiary of one of the largest and longest-standing energy utilities in Canada, MHI has provided utility infrastructure management, consulting, and training services to over 75 countries.
MHI’s parent company, Manitoba Hydro, is a vertically integrated, provincial Crown Corporation. Manitoba Hydro is involved in the planning, design, construction, operation, and maintenance of all elements of electricity and natural gas infrastructure.
MHI’s management and project teams have gained unprecedented knowledge and project expertise, through prolonged experience implementing successful projects. Leveraging international experience and the parent utility’s methods and technologies, MHI offers real solutions and true value to clients around the world.
For nearly 30 years, MHI has established itself as an ethical, environmentally responsible provider of high-quality utility services to the international energy sector.
As a global specialist in energy management with operations in more than 100 countries, Schneider Electric offers integrated solutions across multiple market segments, including leadership positions in utilities and infrastructure, industries and machines manufacturers, non-residential building, data centres and networks and in residential.
Focused on making energy safe, reliable, efficient, productive and green, the group's 140,000 plus employees achieved sales of 24 billion euros in 2012, through an active commitment to help individuals and organisations make the most of their energy.
Schneider Electric is fully committed to meeting the sustainable development demands of the 21st century, with less consumption, more effective production, improving energy efficiency and protecting the environment remaining central concerns for the company.
Another major challenge for the group is to facilitate access to electricity in emerging countries by providing appropriate products and solutions, as well as training in its professions.
ERM is a leading global provider of environmental, health, safety, risk, social consulting and sustainability related services. We have over 160 offices in 40 countries and territories employing more than 5,000 people.
We deliver sustainable solutions which balance environmental concerns with management, economic, technological and social needs. This enables our clients to maximise revenues, comply with regulations, improve performance and enhance their corporate reputation and public perception.
We have extensive experience supporting the energy industry across the African continent. Our offices in Africa are in Kenya (Nairobi), Mozambique (Maputo) and South Africa (Cape Town, Durban and Johannesburg).
Aggreko is the world leader in the supply of temporary power rentals and has been active in Africa for twenty years. Currently, Aggreko is operating large scale power-projects in countries such as Mozambique, Côte d’Ivoire, Gabon, Senegal, Benin, Angola and Tanzania. Operating from 211 world-wide locations, including 9 depots across Africa, Aggreko provides 24/7 customer support for single to multi-megawatt projects for a variety of industries. Aggreko manages the world’s most extensive fleet of containerised generators, loadbanks, transformers and ancillary equipment, allowing for rapid mobilisation to respond to our customer’s planned or emergency power needs.
- Raise brand awareness and create preference
- Create positive PR and raise awareness of your organisation
- Provide attractive content for a range of products and services
- Build or reinforce brand positioning through associative imagery
- Support a specific sales promotion campaign
- Act as corporate hospitality that promotes good relations with clients
(Officially) Endorsed by
(Officially) Endorsed by
(Officially) Endorsed by
(Officially) Endorsed by
Egyptian Renewable Energy Cluster Initiative - ERECI - is an initiative financed by the Egyptian Ministry of Scientific Research through the RDI Programme. ERECI project aims to set-up a stable cluster organization in the Renewable energy field in order to support the Egyptian industrial development and enhance the partnership among Institutions, researchers and enterprises. The principal purpose of the cluster initiative is to support job growth and new technology development in the strategic field of renewable energy.
MESIA is the largest solar trade association in the Middle East and North Africa region . Established in 2009, the association represents over 120 international and local organizations including investors, installers, manufacturers, law firms, consultancies, policymakers and banks. MESIA is headquartered in Dubai, UAE and carries out solar-related activities and programs across the MENA region. Its regional coverage stretches from Egypt to Saudi Arabia, with over 7,600 subscribers. Over the past 5 years, MESIA has organized over 50 industry events focused on strengthening the footprint of solar energy in our region. Along the way, MESIA has won several prestigious awards and been recognized by leading government authorities across the MENA region. MESIA also publishes industry-leading reports which have been featured in the New York Times, Wall Street Journal and the FT. Among its most coveted events are the annual Middle East Solar Awards and the Middle East Solar Pioneers program. To learn more about MESIA visit www.mesia.com.
Africa investor (Ai) is an Investment Banking oriented Advisory Firm, which also supplies a broad range of investment data, research, broadcast and published content to a growing number of international investors with interests in Africa.
Africa investor Group provides transaction advisory services, strategic research, investment indices and investment communication services, to support its clients investment programmes in Africa. Through its sister organization, Africa Investor Capital (Ai Capital), acts as a principal investor in strategic assets on the continent.
Operating at the intersect of business, government, international organizations and the media, Africa investor group has a growing network of clients across Africa serviced from regional hub offices in Nairobi, Lagos and Johannesburg, affiliate offices across the continent and a coordinating office in London. The group offers clients consistent quality of service across each of these territories and additional representation in Cairo, Brussels and Washington.
Please visit: www.teitimes.com
ESI Africa is the trusted knowledge source for the pan-African electricity supply industry. Utilities, regulators, governments and their partners have used ESI Africa for over 19 years as their chosen platform for engagement. We are renowned for high quality insightful editorial and interviews, which helps drive the future of African power generation, transmission, distribution and energy efficiency. Being the knowledge source for all key decision makers in the African power industry allows us to open the door to new possibilities for your business, ensuring you are at the forefront of the Power industry. Over 50,000 professionals read ESI Africa, offering them an insight into the leading technologies and industry trends through our print and digital platforms.
Register with ESI Africa to receive the very latest news, industry insight and on demand content from around the African continent. For advertising queries please contact Gerald Schreiner on +27 21 700 3500.
For delegate & marketing enquiries:
The Egyptian government to engage DFIs and investors to outline 30GW of energy projects this February