Engineer Mohamed Ahmed Morsi, Minister of Military Production, witnessed the signing of a cooperation protocol between the National Authority for Military Production, Green Tech Egypt and OAK Holdings. The agreement provides for a joint-stock company to build and operate waste-to-energy plants in Egypt.
Building on the 2020 memorandum
Minister Morsi said the protocol continued cooperation with Green Tech Egypt that began with a Memorandum of Understanding signed on July 17, 2020. Its objective is to establish plants that convert municipal solid waste into electricity.
He described the agreement as an important step towards sustainable waste management. The Ministry of Military Production intends to use its industrial, technological and human resources to improve the management of municipal solid waste and convert daily waste into smart energy solutions.
Development and finance
Mr Robert Valk, Founder and CEO of Green Tech Egypt, said the joint-stock company would develop and operate solid-waste-to-electricity plants, increasing the value recovered from waste treatment in Egypt.
Mr Gareth R. Brown, CEO of OAK Holdings, said his company would finance the plants and import equipment and production lines that meet international standards. He said the cooperation could generate economic returns for the state and support sustainable development through electricity production from municipal solid waste using advanced technologies.
Mr Mohamed Eid Bakr, media adviser and official spokesperson for the Ministry of Military Production, said the protocol was part of the ministry’s effort to strengthen its role in waste-to-energy. Coordination with the relevant ministries and entities is intended to maximise the efficiency and effectiveness of the new waste-management system.