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M. Elshazly
certain conditions such as the incentive value not exceeding 80%
of the paid-in capital until the start of the project’s operations, as
the project company being established within three years from the
date of entry into force of the Executive Regulations issued by Prime
Ministerial Decree No. 2130 of 2017.
17
Even though the Egyptian investment law encompasses several protective
measures for renewable energy projects against nationalization, confiscation or any act of discrimination, it is worth mentioning that private
investors in the field of renewable energy enjoy a further layer of protection through Bilateral Investment Treaties (BITs). Egypt is a signatory
to approximately 116 BITs; such number makes Egypt one of the top
African countries which signed BITs for private investment protection.
18
8.3.6 Educational Programs Focusing on Renewable
Energy and Related Technologies
Several universities in Egypt introduced new educational programs
focusing on renewable energy and its technologies. Moreover, trainings
on renewable energy are often organized by the ministry of electricity
and renewable energy. This, for sure, will have a positive impact on the
renewable energy market in Egypt as the country will benefit from more
experts in renewable energy.
8.3.7 The Government’s efforts in promoting
Energy Efficiency
EgyptEra is in charge of issuing the rules and procedures for the development and encouragement of energy efficiency. There are several steps
taken by the Egyptian Government to promote energy efficiency in the
country, as evidenced in the initiatives launched by the Government
17 Article no. “11” of the Egyptian Investment Law no. 72 of 2017.
18 UCTAD, https://investmentpolicy.unctad.org/international-investment-agreements/countries/
62/egypt, accessed 6/4/2020.
M. Elshazly
certain conditions such as the incentive value not exceeding 80%
of the paid-in capital until the start of the project’s operations, as
the project company being established within three years from the
date of entry into force of the Executive Regulations issued by Prime
Ministerial Decree No. 2130 of 2017.
17
Even though the Egyptian investment law encompasses several protective
measures for renewable energy projects against nationalization, confiscation or any act of discrimination, it is worth mentioning that private
investors in the field of renewable energy enjoy a further layer of protection through Bilateral Investment Treaties (BITs). Egypt is a signatory
to approximately 116 BITs; such number makes Egypt one of the top
African countries which signed BITs for private investment protection.
18
8.3.6 Educational Programs Focusing on Renewable
Energy and Related Technologies
Several universities in Egypt introduced new educational programs
focusing on renewable energy and its technologies. Moreover, trainings
on renewable energy are often organized by the ministry of electricity
and renewable energy. This, for sure, will have a positive impact on the
renewable energy market in Egypt as the country will benefit from more
experts in renewable energy.
8.3.7 The Government’s efforts in promoting
Energy Efficiency
EgyptEra is in charge of issuing the rules and procedures for the development and encouragement of energy efficiency. There are several steps
taken by the Egyptian Government to promote energy efficiency in the
country, as evidenced in the initiatives launched by the Government
17 Article no. “11” of the Egyptian Investment Law no. 72 of 2017.
18 UCTAD, https://investmentpolicy.unctad.org/international-investment-agreements/countries/
62/egypt, accessed 6/4/2020.