Eni and the Egyptian Authorities have agreed on a common strategy to implement a series of renewable energy projects in order to promote the development of a more sustainable energy mix in Egypt.
The implementation of renewable energy projects in the country will allow for a reduction in the use of natural gas in electricity generation, shifting its use to other sectors. The gas made available through these projects could be used to expand the utilization of CNG (Compressed Natural Gas) as fuel in the automotive sector, in alternative to diesel or gasoline, thus generating a low-carbon cycle based on a gas-renewable energy mix.
The first project, a 50 MWp Photovoltaic Plant in Sinai, near Abu Rudeis Facilities, will be implemented with a fast track schedule through Petrobel, an equal joint venture between IEOC and the state company Egyptian General Petroleum Corporation. The plant will be sanctioned next month and completed by December 2017.
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