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Thursday, 6 April 2023

Egypt signs USD 120 mn agreement with Renergy for waste-to-energy plant

Egypt puts pen to paper on its Abu Rawash WtE project: The Egyptian government has inked a USD 120 mn agreement with a consortium led by Renergy Egypt to design, build, own, and operate its new waste-to-energy factory in Abu Rawash city, according to a statement released this week.

The players: Joining Renergy in the project are Egypt’s National Organization of Military Production, waste management firm Green Tech Egypt and Bahrain-headquartered Oak Group Holdings.

About the project: The plant will convert some 1.2k tons of municipal solid waste per day to 30 MWh of electricity. The consortium will handle the entire project for a 25-year period before transferring ownership to the country’s Giza governorate.

The plant is being fast tracked: The project is expected to receive a golden license — a single approval covering everything from project establishment, including land allocation and building licensing, through to project operation and management. No timeline was given for when the facility is expected to come online.

Waste generates 13% of the country’s carbon output: Egypt produces up to 5 mn tons of municipal solid waste a year, the country’s Environment Minister Yasmine Fouad noted in the statement. Waste is the second largest source of greenhouse gas emissions in the country, generating some 13% of Egypt’s total greenhouse gas emissions, she added.

More to come: Egypt has eight waste-to-energy projects worth EGP 10 bn in the pipeline, Finance Minister Mohamed Maait said. The projects will be located in Alexandria, Fayoum, Giza, Gharbia, Beheira, Damietta, Menoufia, and Sharqiya and will be carried out by eight local companies.

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