The approval comes as part of Egypt’s ongoing efforts to liberalize its electricity market and attract private investments in renewable energy.
The Ministry of Electricity and Renewable Energy in Egypt has granted qualification certificates to four private-sector projects in the field of solar and wind energy. These projects, with a combined generation capacity of 400 megawatts, represent a total investment of $388 million.
The approval comes as part of Egypt’s ongoing efforts to liberalize its electricity market and attract private investments in renewable energy.
According to the ministry’s statement, the approved companies will be responsible for building the power stations and selling electricity directly to industrial consumers.
The Egyptian Electricity Transmission Company will manage the transmission process in exchange for a fee, with no financial obligations or guarantees required from the government. This model allows the private sector to take a leading role in energy production while reducing the burden on public resources.
Among the qualified companies is Neptune for Electricity Production and Sales, which will supply electricity to the Suez Steel factory through a solar power plant. AMEA Power will deliver power from a solar station to both the Suez Canal Container Terminal and Bivar Chemicals.
Additionally, Taqa PV will provide energy to Ezz Steel using a hybrid solar and wind station, while Enara for Renewable Energy Services will supply electricity to both the Helwan Fertilizer Factory and the Alamein Silicon Products Complex via a similar hybrid solution.
Minister of Electricity, Mahmoud Esmat, stated that the Electricity Utility and Consumer Protection Regulatory Agency had reviewed seven applications from private companies seeking to develop renewable energy stations, each with a capacity of 100 megawatts.
These evaluations were carried out in collaboration with a global consultant and the European Bank for Reconstruction and Development (EBRD), which also played a role in shaping the framework and agreements enabling private-sector participation under the P2P (Power-to-Power) system.
Esmat emphasized that this initiative is part of a broader governmental strategy rooted in the Electricity Law, which aims to open the electricity market to competition.
