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Happy End for the Conference of the
International Renewable Energy Agency (IRENA)
Egypt offers promising opportunities for investment in wind energy
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THIS ARTICLE
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Date Published:
1 July 2009
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Published in:
Al-Akhbar Daily Newspaper
Egypt
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Reporter(s):
Essam El Sebaii
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Original Language:
Arabic
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Related Event(s):
IRENA 2nd Preparatory Commission Meeting, Sharm El-Sheikh, 29-30 June 2009
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 View Original
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The IRENA (International Renewable Energy Agency) founding conference has ended its proceedings yesterday in Sharm El Sheikh following a happy end and an unprecedented consensus which followed diplomatic conflicts that were never experienced before over deciding on the country to host the headquarters and over the post of general manager. It has been decided to choose Abu Dhabi for the Agency's headquarter. The run for the general manager's post continued up till the morning hours of yesterday and ended by choosing Helen Bilos, the assistant to the French Foreign Minister, as the Agency's GM. She is responsible for managing the international organizations and masters five languages, being French, English, German, Spanish and Italian. The international conference which was chaired by Egypt, represented by Dr. Hassan Younis Minister of Electricity and Energy, has seen an unmatched international consensus. The number of countries that have ratified the Agency's statutes went up to 136 after 7 new countries have joined yesterday morning, among them were 62 countries who have signed during the Sharm El Sheikh conference.
Egypt succeeded in submitting two strategies for renewable energy during the conference proceedings. Dr. Younis made a number of negotiations with several participating officials and delegate heads who are among Egypt's friends and development partners. Feasible and promising investment opportunities prevail in this sector, and especially in the wind energy, which are consolidated by advantages offered by Egypt to investors in this sector, especially with regard to purchasing the produced electricity within the frame of long-term agreements that reach up to 30 years; custom exemptions of machines, equipment and the like which are necessary for the wind energy plants; providing the required land plots according to the right of use. Dr. Younis stated during a press conference held yesterday, that the negotiations have highlighted the dire need for reaching the necessary technology of renewable energy that would provide electricity to about 2 billion users worldwide who are currently deprived of such. The minister announced that 72 companies have applied for the international bid invited by Egypt, requesting the list of previous experience for building the first wind farm with the B.O.O. system by the private sector. He further added that this underlines the international confidence in the Egyptian economy and in the projects of the electricity sector.
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