CAIRO: The second annual Energy and Future of Investment in Egypt Conference is scheduled to take place in Cairo May 25, event organizer Business News Foundation for Media and Conferences stated.
The conference panels will discuss the country’s strategy towards the energy mix to meet its development needs in the coming years in the light of government’s efforts to repay arrears due to foreign partners.
Energy and Future of Investment in Egypt will be held under the auspices of Egypt’s Petroleum Minister Sherif Ismail and Minister of Electricity and Renewable Energy Dr. Mohamed Shaker, according to a statement.
Challenges facing production and exporting energy in Egypt, the private sector role, and regulations required to organize exports, as well as the role of regulations and energy trading systems in Egypt will be top issues on the conference agenda.
“The annual energy conference is timed to coincide with the serious and powerful steps that the country is taking in this sector and to announce Egypt’s investment strategy in the light of the successful Economic Summit of Sharm el-Sheikh,” Mostafa Sakr, Chairman of Business News, said in the statement.
Sakr added that the energy file plays a key role in the future of investment, development and Egypt’s stability.
Egypt’s electricity sector has adopted plans to cover 20 percent of its energy needs from renewable sources by 2020, amid efforts to procure energy for running power plants.
Rolling blackouts in Egypt have become routine in the past few years, especially during the peak usage season in the summer, a crisis largely attributed to fuel shortages.
The conference will also discuss the prospects of investing in new energy and the role of new energy projects in creating job opportunities.