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AEEP Energy Business Dialogue Egypt - Joining forces: Private Sector Engagement in an Energy Secure Future

AEEP Energy Business Dialogue Egypt - Joining forces: Private Sector Engagement in an Energy Secure Future

State 

completed

Date 

9 November, 2015

Country 

Egypt

Region 

North Africa

Summary

The increasing gap between energy supply and demand in Egypt has prevented the Egyptian energy sector from providing a secure energy supply to its population and industry. Despite a slowdown in economic growth between 2011 and 2013, Egypt’s domestic consumption has continued to grow significantly driven by high rates of population growth and highly subsidized energy prices. This has led to regular blackouts for industry and the population as well as a high strain on government’s budget for energy imports.  Reforming the energy sector consequently has become a priority on the government’s agenda. First steps towards the liberalization of the energy market have been implemented and subsidies are gradually being reduced. The promotion of private sector investment in renewables energies was kick-started with the issuance of a feed in tariff scheme in September 2014. Blessed with excellent sun and wind resources, renewable energies could play a major role in securing energy supply in Egypt in the long run. 

Expanding energy cooperation between North African countries and Europe is of key importance to increase energy security on both continents. The planned forum therefore offers an opportunity to foster Africa-EU relations as set out in the 2020 Africa EU Energy Partnership (AEEP) energy security targets:

  • Doubling the capacity of cross-border electricity interconnections, both within Africa and between Africa and Europe, thus increasing trade in electricity while ensuring adequate levels of generation capacity;

  • Doubling the use of natural gas in Africa, as well as doubling African gas exports to Europe, by building natural gas infrastructure, notably to bring currently flared gas to market.

 

Objectives

The objective of the Energy Business Dialogue in Egypt is to:

  • Provide a platform for North African, especially Egyptian, stakeholders from the private sector, public sector, academia and civil society to discuss, share experiences and knowledge.

  • Search for priority areas of intervention to address the energy security issues that North Africa, and in particular Egypt, faces.

 

Expected results

The intended outcomes of the Energy Business Dialogue in Egypt are to:

  • Enhance the participation of North African countries in the achievement of AEEP targets in the areas of renewable energy, energy efficiency, energy access and energy security.

  • Explore priorities for North African, especially Egyptian stakeholders and encourage investments in key electricity and gas infrastructure as a means to increase energy security.

  • Support activities that contribute to the UN Sustainable Energy for All (SE4ALL) initiative. Egypt is an SE4ALL opt-in country, but for the time being no concrete SE4ALL activities have been launched.

 

Photo Copyright Dentons Egypt LLC

 

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