Aims to promote energy investments in Egypt, including renewable energy investment. Establishes incentives to encourage investment: reduces related sales tax, sets low custom duties on renewable energy equipment (2%), refunds expenses paid to extend infrastructure facilities to the project’s land, subsidizes training programs and social insurance for employees, allocates government-owned at discounted values.
Reforms the Egyptian electricity market and aims to strengthen competitiveness of electricity market and ensure freedom of competition. The Electricity Utility and Consumer Protection Regulatory Agency is given responsibility for regulating the development and promotion of renewable energy production and use, increasing electricity use efficiency, and issuing renewable source certificates. Allows for private sector participation in electricity generation and distribution and sets out the framework for market liberalization. This law also codifies the permitting and licensing for renewable electricity production.
By 2027, install around 3,500 MW of solar power plants (2,800 MW CSP + 700 MW PV). Private investment share of these installations is estimated for 67% through competitive bidding, feed-in tariff and third party access schemes.
Establishes competitive bidding mechanism for build-own-operate (BOO) contracts for renewable energy procurement. The Egyptian Electricity Transmission Company (EETC) will hold five rounds of tenders for BOO contracts and the New and Renewable Energy Authority (NREA) is responsible for land provision to selected projects. After the decommissioning of a project, the land goes back to NREA. Contracts can be granted for 20 (wind) and 25 (solar) years.
Establishes a feed-in tariff system for solar PV and wind projects with capacity less than 50 MW in order to increase renewable energy production. States that long-term leases of state-owned land will be provided to private investors charged at 2% of the electricity produced.
Aims to incentivize electricity production from renewable energy sources and private sector investment.
Outlines incentives for private investment in renewable energy: long-term Power Purchase Agreements (PPAs) of 20-25 years; a feed-in tariff system; a renewable energy fund to provide subsidies; exemption of renewable energy equipment from custom duties; and the pre-allocation of 7600 square km of land for renewable projects.
By 2020, generate 20% of the country’s electricity from renewable sources, including 12% from wind energy. Notes that one third of the installed capacity, or 2,400MW, will be publicly funded and implemented by the New and Renewable Energy Authority and two thirds of the installed capacity, or 4,800MW, will be achieved through private investments facilitated by government incentives.
Outlines national concept for adaptation and mitigation measures and calls for international aid to assist in implementation. Identifies key pillars of sustainable development strategy: more efficient use of energy, increased use of renewable energy, use of advanced locally-appropriate and more-efficient fossil fuel technologies, and energy subsidy reform (implemented by setting different prices for petroleum products based on energy generation efficiency; increasing the efficiency of energy use; providing support to certain sectors to promote switching from conventional energy sources to clean energy sources; and applying the fuel subsidy smartcard system to ensure that subsidies are received by target beneficiaries). Also identifies key technology-related needs: improvements in energy conversion efficiencies, CCS, co-utilization of fossil fuel and biomass in the same plants, and the utilization of co-generation plants.
