In line with the state’s direction and the Ministry of Electricity and Renewable Energy’s strategy to maximize returns from natural resources, leverage modern technology to provide innovative solutions, upgrade the energy system, and rely on new and renewable energy sources in the energy mix and energy transition
Dr. Mahmoud Esmat, Minister of Electricity and Renewable Energy, met with a delegation from the Renergy Group consortium (comprising Renergy Group Partners, the lead developer; Green Tech Egypt, the local technology partner; and OAK Holdings, the financial and investment partner), headed by Robert Falk, founder of Renergy Group, at the Ministry’s headquarters in the New Administrative Capital. The meeting focused on joint work and cooperation in the fields of electricity and energy, specifically the establishment of an integrated renewable energy project in Sinai. This project includes a solar power plant, a green hydrogen plant, and a pumped-storage hydroelectric power station.
The meeting concluded with a discussion of joint work and cooperation in the fields of electricity and energy. Dr. Mahmoud Esmat reviewed the project concept and its alignment with the electricity sector’s strategy to increase reliance on renewable energy in the energy mix. He discussed the need to support the national grid with clean, continuous, and stable power sources, such as energy storage plants and pumped-storage hydroelectric projects, to secure the unified electricity grid and ensure the sustainability and stability of the power supply. Dr. Esmat listened to a presentation on the project, which included information on the technology used, technical studies, a feasibility study, and grid connection via the pumped-storage plant, providing stable and sustainable capacity around the clock.
The meeting also addressed the 15,000 MW solar power project and the 4,400 MW pumped-storage hydroelectric project, which will produce 3,000 MW of electricity per day, ensuring a continuous supply of 3,250 MW to the national grid. Additionally, the meeting discussed the 1,850 MW electrolyzer project for producing green hydrogen.
Dr. Mahmoud Esmat said that the work plan is based on several axes in light of the state’s strategy for energy transformation and providing electricity for all uses within the framework of the sustainable development plan, directing that the electricity generated from the pumping and storage station in this giant project should be the basis for dealing with the national electricity grid, praising the efforts of the work partners and success from the local and foreign private sector within the framework of our national energy strategy, and exploiting the geographical nature and maximizing the returns from it, especially in the field of pumping and storing water to generate electricity.
