CAIRO: Mohammed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi and deputy supreme commander of the UAE Armed Forces granted Monday Egyptian President Abdel Fatah al-Sisi the Sheikh Zayed Honorary Award of Future Energy during the conference of World Future Energy Summit 2015 in Abu Dhabi.
Sisi expressed his gratitude to the United Arab of Emirates on its role in enhancing the sustainable developments.
“We gathered in this significant forum to face the challenges affecting the power sector and sustainable development. This represents an important opportunity for dialogue and debate between the various parties to exchange views and experiences and put forward innovative solutions to the challenges facing the world,” Sisi said in his speech before the participants.
He noted that power consumption has doubled over the past four decades and it could be re-doubled by 2050, adding that there are 1.3 billion people without electricity worldwide, and that half of them are in Africa.
Meeting energy demands is a priority of the Egyptian development agenda, he said; Egypt aims also to shrink the gap between the available power and its consumption, he continued, adding that Egypt is implementing a reform plan that would last five years to transform Egypt into “a vital center of power exchange for the world.”
Sisi clarified that his country aims to increase power production by 20 percent by 2020, saying “Egypt has already implemented a number of successful projects in the field of renewable energy, notably electricity production projects from wind energy in Zafarana and Hurghada, and some projects in the Gulf of Suez areas are being implemented. As for solar energy, there are a number of projects such as kureimat project to generate electricity from solar and thermal energy. ”
He called on all participants to attend the Egyptian Economic summit that is due to be held from March 13-15.
Sisi renewed his call for the international community to fight terrorism through development, culture and religious discourse, as well as upgrading education to combat unemployment.
The World Future Energy Summit is an annual conference where more than 30,000 policymakers and business leaders from 170 countries discuss “a secure, safe and reliable source of energy to power world economic growth,” according to the official website of the Summit.
Sisi held two separate meetings Sunday morning with Emirati and Egyptian businessmen, shortly after his arrival to the United Arab Emirates in his first official three-day visit, said presidential spokesperson Alaa Youssef in a statement.
Sisi’s speech at the World Future Energy Summit 2015 in Abu Dhabi
Reuters reported Sunday that Access Infra Africa, a partnership between the UAE’s Access Power and French renewable energy company EREN Development, has been prequalified by the Egyptian Ministry of Electricity in January to develop four solar and two wind plants with a capacity of 300 megatwatts.
“Egypt is one of those places where renewables make sense… no investor will ignore Egypt just because it fell into two or three years of unrest. Everyone will be looking at the long-term viability of the market,” Reda El Chaar, the chairman of Access Power, told Reuters in a phone interview.