BEIJING, Oct. 29 (Xinhua) – Sino-Egyptian energy cooperation has witnessed remarkable developments in recent years, and Chinese companies are looking to upgrade bilateral cooperation in this sector to a wider scope, as well as to promote electrical infrastructure and develop related technologies under the ” “He said.
During his visit to Egypt from Oct. 26 to 28, Chinese Vice President Wang Qishan agreed with the Egyptian side to further promote development cooperation between the two countries, expressing China’s willingness to encourage more Chinese companies to invest in Egypt.
Egypt is rich in renewable energies such as hydroelectric power, wind energy and bioenergy. The country also needs a large amount of renewable energy investment. According to the International Renewable Energy Agency (IRENA), Egypt has enormous potential to generate about 53 per cent of its electricity consumption from renewable resources by 2030.
However, these targets require increased investments in the renewable energy sector from US $ 2.5 billion annually to US $ 6.5 billion per year.
At the Chinese level, Chinese electric companies have mature and strong capabilities in the capacity of production installation and equipment related to electricity, as well as their large investment potential. These companies have been active in moving to international markets and making bilateral investments and cooperation with their local partners in Egypt, the African continent and others.
China’s national electricity network said on its website that infrastructure works for electric power projects have become one of the most active areas of cooperation between China and other countries under the belt and road initiative.
In 2017, the Ye Yi TEC project to connect electricity through major 500 kV electric networks in Egypt was completed, becoming an important model for productive cooperation between China and Egypt.
In September 2018, a group of Chinese companies specializing in manufacturing power generation equipment officially won the engineering, procurement and construction contract for an electric power plant in Egypt.
The group will implement a problem of Dongfang and Shanghai Electric, the first of the largest clean coal in the Middle East, with investments of about $ 4.4 billion.
The Hamraouin plant is scheduled to take six years to complete and consists of six units with “supercritical pressure” technology, the best available technology, to produce 6,000 megawatts.
At the same time, Sinohidro announced the implementation of the construction project of the pumping and storage plant at Mount Ataqa in Suez Governorate, east of Cairo.
The plant will use treated wastewater from a three-tiered treatment with solar and wind power to produce 2,400 megawatts through 8 units at a cost of $ 2.6 billion.
With regard to the future of electric cooperation between the two sides, Tian Zhongping, chairman of Wachin Group, a specialist in energy measuring and efficiency management, said that electricity generated from renewable energy can cover a wider range of users at a lower cost, Smart grid measurement helps to store energy and use it more efficiently.
The Wachin Group has entered the Egyptian market since 2001 and delivered 4 million electricity meters to its Egyptian customers until 2017.
“Developing a new platform and a new intelligent energy management program is essential in the years to come,” said Tian, adding that this will help boost the efficiency of renewable energy utilization and stimulate the use of smarter and cleaner devices.
In order to optimize the use of rich resources and attract more investment, IRENA suggested that Egyptian policy makers should periodically evaluate the long-term energy strategy to keep pace with rapid advances in renewable energy technology and reduce energy generation costs.
Yan Chih-yong, chairman of Power China, said he believes Arab countries still play an important role in the new energy map and will remain a major energy hub in the world.
Yan proposed implementing several model electric power plans in the context of bilateral cooperation and stimulating the real planning and construction of projects, expressing the company’s desire to play an active role in this regard.