Egyptian Prime Minister Moustafa Madbouli was present on Wednesday at the signing of a co-operation protocol between the ministries of planning and justice to enhance strategic management potentials.
Planning Minister Hala el-Saeed said the protocol is part of state efforts to improve the efficiency and effectiveness of the administrative body with the aim to achieve sustainable development and the Egypt Vision 2030.
The most important goal, however, is to improve the quality of life in Egypt, Saeed added.
The protocol will boost co-operation in building human capabilities to be able to outline strategic plans, the minister said, noting that this is done through applied training in strategic management.
Under the terms of the protocol, the Ministry of Planning will provide access to its remote training platform, which provides practical training in strategic management, as well as interactive lectures to probe the required outputs.
The Ministry of Planning will also offer technical support needed to outline a strategic plan of the Justice Ministry.
Justice Minister Omar Marwan said his Ministry will form a working team to design the strategy and name directors of projects. The Justice Ministry will also act to secure technical cadres needed to accomplish the different tasks in all fields of co-operation, he added.
On the same day, Prime Minister Madbouli attended the signing ceremony of an agreement on funding for a new wind farm project near Ras Ghareb in the Gulf of Suez region.
The Red Sea Wind Energy consortium reached financial close for its 500MW wind farm project at total investment of $680 million on April 3.
Electricity Minister Mohamed Shaker said Wednesday the project will be executed in two phases with the aim to connect to the grid by the third quarter of 2025.
The consortium will operate and maintain the plant under a 25-year power-purchase agreement (PPA) with the Egyptian Electricity Transmission Company (EETC), he added.
The wind farm will be built, owned and operated by Red Sea Wind Energy: a consortium of Engie with a 35 per cent stake, Orascom Construction, which holds 25 per cent, Toyota Tsusho Corporation with 20 per cent, and Eurus Energy Holdings Corporation with 20 per cent.
This project is a significant milestone for the consortium as it triples its wind energy capacity in Egypt to 762.5MW.
International Cooperation Minister Rania el Mashat and Japanese Ambassador in Cairo Oka Hiroshi were also present at the ceremony.
Putting their signatures to the deal were the representatives of Red Sea Wind Energy, the regional director of the Japan Bank for International Cooperation (JBIC) and the representative of the European Bank for Reconstruction and Development (EBRD).
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