"Natural Gas" and "Renewable Energy", the mainstay of the government to support economic growth until 2022

The lotus is an important sector of the government program for the next four years, which was adopted under the slogan "Egypt launches", which will be implemented during the The most important objectives of the government's energy program are the signing of 70 agreements in the field of exploration and exploration and the realization of gas deposit development projects with an investment total of $ 24.4 billion. As well as self-sufficiency By the end of 2019, imports of petroleum products will be reduced to less than 10% of the needs of the local market by 2021.

The plan also provided for the implementation of new Refining projects with investments of $ 8.2 billion, Ton, and the implementation of lines for the transport of oil and gas products of 650 km and a total investment of 14 billion pounds, and also aims to increase production of petrochemicals to reach 17.3 million tons.

For mining, the plan for the next four years will include increasing the quantities of gold to reach 80 tons for a value of $ 2.8 billion, as well as the l & # 39; 39 increase in the number of units connecting natural gas to 4 million units over the next four years. Phosphoric acid and phosphoric acid at the end of 2020.

In the field of electricity and energy during 18/2022, the sector has adopted a new strategy whose main objectives are to reduce energy consumption. addition of new power plants such as Hamrawin's own coal project, MegaWat VoIP Estimated at approximately $ 6 billion, and power generation project using pumping and storage technologies to produce 3,400 megawatts in the region. Ataqa in Suez for an estimated cost of 2.7 billion dollars.

The plan also includes the addition of 2.5 thousand MW of conventional power plants and the addition of more than 9,000 megawatts of renewable energy The development of the national transportation network of 39, electricity up to 2022 includes a number of projects, high voltage transformers (220, 500 KV) with a total capacity of 84855 MVA, high voltage lines and construction cables at 220 km / h, with a total length from 6092 km. With a total capacity of 7455 MVA, as well as high voltage lines and cables "66 KV", total lengths of 1612 km.

Despite the importance of the work program of the government "Egypt begins", in terms of investment and attraction of foreign capital, but the securing of energy resources and l & # 39; 39, gas self-sufficiency and achieving the energy target require more incentives for foreign investors. Alternative energy projects as well as oil and gas exploration and exploration to cope with the growing demand for energy each year.

The government must now eliminate all the challenges facing power transmission systems and planning processes, which requires the expansion of projects that are not hampered by the availability of land quickly , especially after the development of the nutritional pricing mechanism. Stimulates companies and investors to invest in the construction and operation of renewable energy projects. This has led the government – represented by the Ministries of Petroleum and Electricity – to adopt the future plan which aims at the self-sufficiency of natural gas and to become a regional energy center, as well as the combination of the sources of production of electricity. Prime Holding CEO Mohamed Maher said the oil and energy sector is in high mobility during the current period, which will support the state's ability to achieve a double growth rate in the years to come. to come up. Gas, which has been realized recently, and able to achieve gas self-sufficiency.

Maher added that recent economic reform measures by the state – financially supporting partners – are one of the pillars of the state to achieve the growth goals in the energy sector , explaining that oil and gas discoveries will contribute to the development of incentive infrastructure. To establish new industrial projects that rely mainly on gas and electricity.

pointed out that the state currently saves between 30% and 40% of electricity, in addition to the government work program to generate 20% of electricity from new and renewable sources of electricity. 39, here 2022, is the basis on which the projects will connect electricity to neighboring countries, in Africa or Europe, and called on the government to expand the call for bids for electricity. oil and gas exploration in the Mediterranean and Western Sahara, and energy projects for the production of electricity from renewable sources.

highlighted the state's ability to transform itself into a regional energy center over the next four years, building on several development projects, including the gas pipeline in Cyprus and Greece, and electrical links with Europe and Asia. In addition to the gas liquefaction plants at West Port Said and Damietta, calling for value-added processing industries to increase export rates of petroleum products and achieve a dollar return that supports the budget of the US. ;State.

added that the refining, petrochemical and mining projects are locomotives capable of stimulating the energy sector and meeting the needs of industrial projects and energy development. .

called for further support of the mining sector in the coming years as one of the tributaries of development that is still at a standstill, which must rehabilitate the laws and its legislative environment in order to attract more and more. 39 investments supporting the increase of gold and other commodities. To be promoted by the Mineral Resources Authority and under conditions and incentives consistent with what large countries offer to investors in this area.

Al-Baz, member of the Energy Committee of the House of Representatives, believes that promising investment opportunities in the oil and mining sectors will stimulate investors – after paying most of their dues – to increase their capital to reach other discoveries. Regional Energy Center. He added that the liberalization of the market price and the development of electrical links with neighboring countries strongly support the state programs aimed at increasing the contribution of the energy sector to the economic growth rates of the country. The need to multiply offers to intensify the search for new discoveries of oil and gas.

Al-Baz pointed out that new energy projects by nature are attractive projects for investment and capitalization of foreign funds because of their high economic feasibility.The projects proposed by the government should attract investment contributing to the development of the energy system in Egypt during 2018-2020, Alternative Energy

emphasized the ability of solar energy projects to lighten the general state budget by reducing fuel subsidies for the most energy-intensive sectors. needy and supplying much of the natural gas used for the production of electricity.