{"id":325244,"date":"2022-04-19T11:48:33","date_gmt":"2022-04-19T11:48:33","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=325244"},"modified":"2022-04-19T11:48:33","modified_gmt":"2022-04-19T11:48:33","slug":"world-bank-aims-at-increasing-partnership-with-egypt-in-electricity-renewable-energy","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2022\/04\/19\/world-bank-aims-at-increasing-partnership-with-egypt-in-electricity-renewable-energy\/","title":{"rendered":"World Bank aims at increasing partnership with Egypt in electricity, renewable energy"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">Minister of Electricity and Renewable Energy Mohamed Shaker met with officials of a World Bank (WB) delegation to start a new phase of cooperation and strengthen partnership in projects implemented by bankers in the field of electricity and renewable energy.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Shaker said that the strategic relationship between Egypt and the WB enhances the state\u2019s orientations towards the transition to a green economy and enhances the participation of the private sector in development.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">During the meeting, the WB delegation gave a presentation on the topics of the future partnership between the bank and the electricity sector and renewable energy, including the connection with Greece, as well as increasing the linkage capacity with Jordan, in addition to green hydrogen, and the steps related to carbon emissions.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Shaker also indicated that since 2014, Egypt has started implementing clear and strong plans for economic and structural reform in many sectors to meet the challenges that were preventing development, especially in the energy sector, within the framework of the transition towards a green economy.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">He explained that the National Sustainable Energy Strategy aims to diversify the energy mix from renewable sources to reach 42% by 2035.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">This strategy was a major focus of cooperation between the government and many international institutions that put green transformation at the top of their priorities, including the WB.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The state also implemented structural and legislative reform measures in the energy sector, the most important of which is the issuance of a feed-in tariff and the enactment of laws that allow the private sector to participate effectively in the electricity sector through the implementation of renewable energy projects and the sale of energy produced to transmission and distribution networks at competitive prices.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Furthermore, Shaker affirmed Egypt\u2019s orientation towards producing green hydrogen, expressing his hope that the partnership with the WB and all development partners will continue to advance the state\u2019s efforts in the field of renewable energy and in the field of green hydrogen in particular and in various fields of energy in general.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Additionally, the delegation of the WB stressed the bank\u2019s interest and full readiness to provide all means of support and consultations to support future development plans in Egypt.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Minister of Electricity and Renewable Energy Mohamed Shaker met with officials of a World Bank (WB) delegation to start a new phase of cooperation and strengthen partnership in projects implemented by bankers in the field of electricity and renewable energy.<\/p>\n","protected":false},"author":4,"featured_media":321159,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[24,33],"tags":[64],"class_list":["post-325244","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development-partners","category-main","tag-world-bank"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>World Bank aims at increasing partnership with Egypt in electricity, renewable energy - egy-africa<\/title>\n<meta name=\"description\" content=\"Minister of Electricity and Renewable Energy Mohamed Shaker met with officials of a World Bank (WB) delegation to start a new phase of cooperation and strengthen partnership in projects implemented by bankers in the field of electricity and renewable energy.\" 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