Consilio Group will invest $100 m from solar energy: official
Mounir Fakhry Abdel Nour - YOUM7 (Archive)

CAIRO:  Consilio Group, a U.S.-based company specialized in electricity generation from solar power, will establish several projects in Egypt with a total value of $100 million to help Egyptian government to overcome the current energy crisis, according to Minister of Industry Mounir Fakhry Abdel Nour in a Saturday meeting .

Consilio Group Chairman Oliver Meissner announced  that the solar plants will provide about 300 megawatts annually for more than 25 years, according to the Ministry of Trade’s  homepage.

“Consilio Group’s solar projects  in India, U.A.E, U.S., Canada, Australia, Germany, and Saudi Arabia are generating more than nine gigawatts of electricity annually,” Meissner said.

Meissner said that Egypt has promising opportunities for generating electricity from solar power, pointing out that the country’s climate besides its natural resources would qualify it to be a leader in this field.

Abdel Nour announced that the new and renewable energy sector will top the government’s priorities in the upcoming period, pointing out that the government will exploit solar energy power, especially in the Upper Egypt region.

In a phone interview, head of the Egyptian Electric Utility and Consumer Protection Regulatory Agency Hafez Salmawy told The Cairo Post that solar energy will be the core solution for the energy crisis during the upcoming period. He said it would lessen dependency on other energy sources and would provide Egypt’s  required  quantity of gas.

“Egypt’s significant bright sun qualifies it to have many solar energy plants to generate large quantities of power,” Salmawy said. The generated energy of said solar power plants will not entirely eradicate Egypt’s energy crisis but could help solve part of it.

The 300 megawatt is representing about 2.5 percent of the current crisis, Salmawy said and that it could generate about 600 million kilowatts per hour annually.

The easiness of generating large amounts of energy on the rooftop of buildings and the consequent large quantities of saved petroleum are considered the major advantages of solar power plants. The disadvantages of solar power is the high cost  of its panels as well as its complicated technical installing process.

“I see a national trend for intense use of solar energy during the upcoming period,” Salmawy said. This trend requires three main aspects; setting contracts with the firms that are willing to invest in this field, defining the prices of generated electricity,  and adjusting the current electricity plants to compass such kinds of energy.

Salmawy said that besides solar energy, Egypt has a large natural resource of wind energy, recommending that Egypt should exploit such power.

Wind energy is characterized by its low prices, Salmawy said and that, “generating electricity from wind costs less than one third of energy generated from solar power p

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