The Ministry of Petroleum and Mineral Resources has assigned Enppi and Petrojet to construct a 10 MW solar power station at Assiut Oil Refinery, costing EGP 550m, set for completion in 11 months. Another initiative includes a 6.5 MW project at the Egyptian General Petroleum Company, valued at EGP 500m, funded by the EU under the “Support to Energy Policy Reform” programme. These initiatives aim to relieve pressure on the national grid, meet rising electricity demands while conserving petroleum fuel. Additionally, two pilot projects for solar-powered production wells, employing advanced solar cell systems and energy storage batteries, are underway. The outcomes will inform wider implementation to reduce diesel dependency, enhance operational efficiency, and promote environmental sustainability in the petroleum sector.
EU funds solar projects in Egyptian Petroleum Sector
Egyptian petroleum sector has ventured into solar power aided by EU funding. (Image Credit: ZAWYA)
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)
Part of SECI’s 2 GW ISTS initiative, the project will deliver four hours of peak power daily for 25 years. (Image Credit/Source: Pixabay/Pexels)
Ethical Power Italia’s first EPC projects in Italy, two solar farms for Encavis AG, will generate 28 GWh annually. (Image Credit/Source: TomFisk/Pexels)