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State interested in creating favorable climate for environmental investment

February 2, 2024
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Home Egypt

State interested in creating favorable climate for environmental investment

by Gazette Staff
February 2, 2024
in Egypt
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By Sarah Saad

Egypt’s Minister of State for Military Production Mohamed Salah Eddin Moustafa said the Egyptian state is interested in creating a climate conducive to environmental investment with a view to facing climate change impacts.
This came during the minister’s meeting with Board Chairman of “Green Tech Egypt” Robert Falk to follow up progress made so far to implement a project to establish a waste-to-energy conversion plant in Giza’s Abu Rawash area, said Spokesman for the Military Production Ministry Mohamed Eid.
The station will treat municipal solid waste (MSW) and converting it into electric energy, with a capacity of converting 1,200 tonnes of waste per day to 30 megawatts of electricity per hour.
The project is carried out by the consortium Renergy Group Partners LLC, which consists of the National Organisation for Military Production (NOMP), Green Tech Egypt and OAK Holding Ltd.
During the meeting, the minister stressed the government’s keenness on participating in national projects that will support comprehensive and sustainable development in the country by benefiting from the surplus production capacity of its affiliated companies.
For his part, Falk reviewed procedures adopted to start implementing the first waste-to-energy power plant in Egypt.
Falk also expressed his deep appreciation of genuine efforts made by the Egyptian state to expand projects to diversify energy sources, including clean and renewable energy resources, and its keenness to integrate the private sector and boost its role in the waste management system.
He lauded efforts exerted by all partners implementing the project, noting his company is the first partner from the private sector to take part in executing the first waste-to-energy conversion facility in Egypt, a matter that signals the beginning of a new type of investment in waste management in the country.
The meeting was attended by Vice Chairman of Board of Directors of NOMP and Managing Director Emil Helmy Elias.

Tags: Environmental investnmentFavourablemilitary productionTop_News

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