Cabinet agrees to involve private sector in producing renewable energy

The Egyptian Cabinet under Prime Minister Ibrahim Mahlab agreed in its meeting on Monday to a study to involve the private sector in producing new and renewable energy.
The study, presented to the cabinet by Electricity Minister Mohamed Shaker el-Marakbi, depends on a policy of defining the feeding tariff and power purchase agreement.
The plan will be presented to the economic ministerial group to approve the financial and economic conditions as well as legally studying the purchase agreement so that it can be announced to investors.
For his part, the electricity minister said, during the emergency meeting, that a lot of companies offered to produce electricity from solar and wind power.
He reviewed measures taken by the ministry to combat the frequent power cuts realized in the last period.
Present at the meeting was the petroleum minister who presented steps made by his ministry to increase the natural gas pumping to power stations during the last period.