EU-Egypt Energy Cooperation: A successful model
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This document discusses EU-Egypt energy cooperation and outlines key energy challenges in Egypt. It summarizes achievements in EU-Egypt energy cooperation including projects supporting renewable energy, energy efficiency, and regulatory capacity. It presents the Second Memorandum of Understanding between Egypt and EU for 2018-2022 focusing on gas and electricity sector reforms, renewable energy projects, and technological cooperation. The European Investment Plan is introduced as a three-pillar structure to mobilize investment through technical assistance, improved investment climate, and financing from the European Fund for Sustainable Development. Potential energy investment projects are listed in renewable energy, energy efficiency, and grid infrastructure totaling over 1.7 billion Euros.
EU-Egypt Energy Cooperation: A successful model
- 1. Title Subtitle EU-Egypt Energy Cooperation A Successful Model Arab Forum For Renewable Energy and Energy Efficiency 6-7 May 2018
- 2. EU–Egypt Energy cooperation • Existing and ongoing track of achievements • 2017: the year of EU Egypt policy dialogue • The way forward
- 3. Energy Challenges in Egypt Security of Supply Security of Demand Deeper energy Diversification Market reform Stronger Regulatory Oversight Greater cross boarder Trading Energy Efficiency Higher Share of RE Energy Challenges
- 4. Twinning between Egypt – Greece and Italy TA for the Gas regulator (EUR 3 million) Small Solar Energy Systems in Alexandria and Matrouh Support NREA techncail financial sustaibaility (EUR 3 Million) Gulf of El Zayt the largest single Windfarm in Africa (200MW) Gulf of Suez Wind farm (250 MW) Increased wind energy installed capacity by 40% Energy internal market in Egypt
- 5. Support to Energy Efficiency • Financial models to promote Private sector participation in Energy efficiency • The Green Economy Fund EUR 30 million from the EU leveraging EUR 110 form IFI • EU support to private sector in projeetcs formulation • Capacity building: Energy Audits and Energy Managers • Energy Information System for Egypt
- 6. The Second MOU on Strategic Partnership Between Egypt and EU in the Energy Sector 2018-2022 Assistance to the Gas Sector reform Electricity Sector Reform Development of the Energy Hub Joint Projects in the Field of Renewable Energy Technological, Scientific and Industrial Cooperation
- 7. EIP> a Three-Pillar Structure E I P Technical assistance • To help developing bankable projects which could be financed under pillar 1 • To support activities aimed at enhancing business climate under pillar 3 2 Enhanced Investment Climate • Political and policy dialogue for economic reforms • Support legal, institutional and regulatory frameworks • Engaging with the private sector 3 European Fund for Sustainable Development (EFSD) Mobilising investments and improving access to finance EFSD Guarantee Fund (especially for the private sector – EFSD Guarantee) Regional Investment Platforms (Africa and the EU Neighbourhood) 1 8 One-stop-shop / web portal
- 8. EIP> Pillar 1> resources from EU and leverage 9 The EU contribution in the Energy Sector in Egypt is around EUR 300 million leveraging EUR 3 billion.
- 9. Potential investments (1) • Feasibility study finalised, EETC, Ministry of Electricity • Estimated Budget 400 Mio EUR • Potential financiers : EU,EIB,EBRD Strengthening the Electricity Grid – EPTP II • Feasibility study ongoing • Estimated Budget 400 Mio EUR • Potential financiers : EU, AFD Strengthening the Electricity Distribution System (smart grid) • Feasibility study finalised, Suez Oil Refinery, MoP • Estimated Budget 200 Mio EUR • Potential financiers :EU, EBRD Implementation of Energy Efficiency in Refineries
- 10. Potential investments (2) • Feasibility study finalised, EGAS, MoP • Estimated Budget 200 Mio EUR • Potential financiers :EU,EBRD Implementation of Energy Efficiency in the Gas Midstream • NEAP approved in 2018 • Estimated Budget 500 Mio EUR • Potential financiers : EU, in addition to a large number of IFIs Support to the National Energy Efficiency Action Plan (NEAP)