Dr Mahmoud Esmat, Minister of Electricity and Renewable Energy, met a Renergy Group consortium delegation at the Ministry’s headquarters in the New Administrative Capital. The meeting reflected the state’s aim of using natural resources and modern technology to upgrade the energy system and increase new and renewable energy in the national mix.
The delegation comprised Renergy Group Partners, the lead developer; Green Tech Egypt, the local technology partner; and OAK Holdings, the financial and investment partner. It was headed by Robert Valk, founder of Renergy Group.
Integrated project concept
The proposed Sinai development brings together a solar-power plant, a green-hydrogen plant and a pumped-storage hydroelectric station. The Minister reviewed the project concept and its alignment with the electricity sector’s strategy to increase renewable energy. He also discussed the role of clean, continuous and stable sources—including storage facilities and pumped hydropower—in securing the unified grid and maintaining a stable electricity supply.
The delegation presented the proposed technology, technical studies, feasibility study and grid connection through the pumped-storage plant, which is intended to provide stable capacity around the clock.
Planned capacities
- A 15,000 MW solar-power project.
- A 4,400 MW pumped-storage hydroelectric project, producing 3,000 MW of electricity per day and providing a continuous 3,250 MW to the national grid.
- A 1,850 MW electrolyser project for green-hydrogen production.
Minister’s direction
Dr Mahmoud Esmat said the work plan follows the state’s energy-transition strategy and sustainable-development plan. He directed that electricity from the pumping-and-storage station should form the basis of the project’s interaction with the national grid. He praised the partners and the contribution of the domestic and international private sector, and highlighted the value of the area’s geography for pumping and storing water to generate electricity.
