The Middle East Solar Industry Association (‘MESIA’), the largest solar association in the MENA region, commences its highly anticipated Renewable Energy Trade Mission in Cairo, Egypt on Tuesday 28th April 2015.
Under the patronage of H.E. Ibrahim Mehleb, Prime Minister of Egypt, and in partnership with the Ministry of Electricity and Renewable Energy, the two-day forum being held at the Marriott Palace Hotel will bring together high-ranking policymakers, investors and project developers driving the growth of Egypt’s solar and wind energy sector.
Amongst the attendees at this ground-breaking event will be H.E. Mohamed Shaker, Minister of Electricity and Renewable Energy, Mr. Hassan Fahmi, Chairman, Egyptian General Authority for Investment (GAFI) and Dr. Mohamed El Sobki, Executive Chairman of the New and Renewable Energy Authority.
Vahid Fotuhi, President of MESIA, said: “Egypt’s ambitious goal to generate 20 percent of its energy from renewables by 2020 is both an incredible opportunity and challenge. The unprecedented scale of Egypt’s 4,300 MW round one Feed-In-Tariff programme means that a vast range of stakeholders must work together to deliver success. This underscores the importance of our Trade Mission as an essential bridge between stakeholders – policy makers, the investment community and industry professionals – with the skills, expertise and resources to fundamentally change Egypt’s power sector.”
“Egypt’s electricity demand is growing at one of the fastest rates in the world and the government’s clear commitment to the development of renewable energy, through the creation of bankable policy frameworks, and the support of the MESIA Trade Mission has the potential to create one of the world’s largest renewable energy markets,” said Fotuhi.
The event has been made possible through the support of Alfanar, Bracewell & Giuliani, Infinity Solar, Chadbourne, Corys Environment, Eversheds, First Solar, Huawei and SunEdison. The forum is being held in partnership with Access Power MEA, a developer, owner and operator of power assets in the Middle East and Africa.
Attendees from the Middle East, Africa, Europe, the United States and China will be joining the event to get the latest update on solar and wind projects in Egypt, as well as discuss the government policy regimes and foreign investment regulatory framework. Panel debates will also look at project financing options, grid upgrade requirements, and the need to establish a power solar and wind association for Egypt.