Egyptian renewable energy investment
From NAMA Database
To edit this page, log in and click on "edit with form" above
Description
| Overview | |
|---|---|
| Sector | Energy |
| Focus area | Renewable energy (unspecified) |
| Type of action | Strategy/Policy |
| Scope | National |
| Stage | Feasibility study |
| Submitted to UNFCCC registry | No |
| Start of initiative | 2011 |
| Financing and support details | |
|---|---|
| Financing status |
(no data)
|
| Total cost |
(no data)
|
| Financing requested |
(no data)
|
| Financing received to-date |
(no data)
|
| Principal source of financing | Not known |
| Principal type of financing |
(no data)
|
| Capacity building required | Unknown |
| Technology transfer required | Unknown |
| Additional information | |
|---|---|
| Proponent(s) |
(no data)
|
| International funder(s) |
(no data)
|
| Organization providing technical support | RCREEE, Perspectives, Alcor |
| Contact |
(no data)
|
Objective:
Contribute to the target of 20% renewable electricity generation by 2020. A feed-in tariff is to be developed for several sources of renewable energy and a renewable energy support fund to be set up to back feed-in tariff payments.
Activities:
The following activities would be undertaken:
- Subsidizing the tariffs offered by the Egyptian Electricity Holding Company so that more rapid penetration of renewable energy sources could be achieved, including via private sector investment
- Establishment of RE support fund to cover the feed-in tariff payments
- Reform of regulatory framework to fit a larger renewable energy share (e.g. guaranteed network access and preferential dispatch)
- Supporting the New and Renewable Energy Agency (NREA)
- Assistance for the integration of RE into the grid
- Development of a MRV system
Impact and MRV
|
| Cumulative GHG reductions: No data available |
|---|
Mitigative capacity:
No information has been provided on mitigative capacity
Co-benefits:
| Social: | Information has not been provided |
|
| Economic: | Diversification of the energy system and thus increase of long term energy security, revenues generated by export of natural gas (which otherwise would have been consumed internally) |
|
| Environmental: | Information has not been provided |
MRV Framework:
The MRV framework would be based on CDM methodology ACM002.
