206 M. HOCHBERG
Yet however imperfect, Egypt’s ability to turn its energy sector woes
into opportunities has been noteworthy in recent years. Perhaps most
notable is the 14.4 GW gas-fired megaproject that was conceived, developed, and brought to commercial operation in a short time period in
order to avoid serious electricity shortages. Egypt’s ability to design, plan,
and implement feed in tariffs) and electricity auctions have also resulted in
clear successes in the form of new renewable capacity at very low prices.
If Egypt can continue apply the same dexterity and aptitude within its
energy sector and greater policymaking agenda, the nation will be poised
for leadership in alternative energy regionally.
Notes
1. Rising demand and the need for additional capacity has helped drive
renewable energy policy. However, demand has since slowed, partially
due to subsidy reform. The threat of serious power supply crises has also
driven installed generation capacity increases. New capacity has created a
capacity surplus, mostly as a result of gas-fired generation development.
2. World Bank. GDP Growth (Annual %). 2019. https://data.worldbank.
org/indicator/ny.gdp.mktp.kd.zg.
3. World Bank. Global Growth to Weaken to 2.6% in 2019, Substantial Risks
Seen. June 2019. https://www.worldbank.org/en/news/press-release/
2019/06/04/global-growth-to-weaken-to-26-in-2019-substantial-risksseen.
4. World Bank. Population Growth (Annual %). 2019. https://data.worldb
ank.org/indicator/SP.POP.GROW.
5. Egyptian Ministry of Electricity and Renewable Energy. Power Sector
Cooperation Planning Survey in Arab Republic of Egypt. October 2018.
https://openjicareport.jica.go.jp/pdf/12321873.pdf.
6. Egyptian Electricity Holding Company. Annual Report. 2016/2017.
http://www.moee.gov.eg/english_new/EEHC_Rep/2016-2017en.pdf.
7. Norton Rose Fulbright. A Focus on the Egyptian Power Market. June
17, 2016. https://www.insideafricalaw.com/publications/a-focus-on-theegyptian-power-market.
8. Egyptian Electricity Holding Company. Annual Report. 2016/2017.
http://www.moee.gov.eg/english_new/EEHC_Rep/2016-2017en.pdf
9. U.S. Energy Information Administration. Country Analysis Brief:
Egypt. May 24, 2018. https://www.eia.gov/beta/international/analysis_
includes/countries_long/Egypt/egypt.pdf.
10. International Renewable Energy Agency (IRENA). Renewable Energy
Outlook Egypt. 2018. https://www.irena.org/-/media/Files/IRENA/
Agency/Publication/2018/Oct/IRENA_Outlook_Egypt_2018_En.pdf.
Yet however imperfect, Egypt’s ability to turn its energy sector woes
into opportunities has been noteworthy in recent years. Perhaps most
notable is the 14.4 GW gas-fired megaproject that was conceived, developed, and brought to commercial operation in a short time period in
order to avoid serious electricity shortages. Egypt’s ability to design, plan,
and implement feed in tariffs) and electricity auctions have also resulted in
clear successes in the form of new renewable capacity at very low prices.
If Egypt can continue apply the same dexterity and aptitude within its
energy sector and greater policymaking agenda, the nation will be poised
for leadership in alternative energy regionally.
Notes
1. Rising demand and the need for additional capacity has helped drive
renewable energy policy. However, demand has since slowed, partially
due to subsidy reform. The threat of serious power supply crises has also
driven installed generation capacity increases. New capacity has created a
capacity surplus, mostly as a result of gas-fired generation development.
2. World Bank. GDP Growth (Annual %). 2019. https://data.worldbank.
org/indicator/ny.gdp.mktp.kd.zg.
3. World Bank. Global Growth to Weaken to 2.6% in 2019, Substantial Risks
Seen. June 2019. https://www.worldbank.org/en/news/press-release/
2019/06/04/global-growth-to-weaken-to-26-in-2019-substantial-risksseen.
4. World Bank. Population Growth (Annual %). 2019. https://data.worldb
ank.org/indicator/SP.POP.GROW.
5. Egyptian Ministry of Electricity and Renewable Energy. Power Sector
Cooperation Planning Survey in Arab Republic of Egypt. October 2018.
https://openjicareport.jica.go.jp/pdf/12321873.pdf.
6. Egyptian Electricity Holding Company. Annual Report. 2016/2017.
http://www.moee.gov.eg/english_new/EEHC_Rep/2016-2017en.pdf.
7. Norton Rose Fulbright. A Focus on the Egyptian Power Market. June
17, 2016. https://www.insideafricalaw.com/publications/a-focus-on-theegyptian-power-market.
8. Egyptian Electricity Holding Company. Annual Report. 2016/2017.
http://www.moee.gov.eg/english_new/EEHC_Rep/2016-2017en.pdf
9. U.S. Energy Information Administration. Country Analysis Brief:
Egypt. May 24, 2018. https://www.eia.gov/beta/international/analysis_
includes/countries_long/Egypt/egypt.pdf.
10. International Renewable Energy Agency (IRENA). Renewable Energy
Outlook Egypt. 2018. https://www.irena.org/-/media/Files/IRENA/
Agency/Publication/2018/Oct/IRENA_Outlook_Egypt_2018_En.pdf.