Prime Minister Mostafa Madbouly has issued directives for speeding up the completion of all executive procedures related to Egypt’s initiative to encourage the installation of solar panels in factories and homes with the aim of launching it as soon as possible and expanding the use of renewable energy sources.
During a meeting, Prime Minister Mostafa Madbouly instructed relevant authorities to finalize the initiative’s executive framework for Cabinet approval. He also directed them to prepare a comprehensive promotional plan to highlight the financial incentives and facilitation measures it will offer, helping increase the adoption of solar energy systems.
Minister of Electricity and Renewable Energy Mahmoud Esmat reviewed the initiative’s main features, implementation mechanisms, and proposed incentives for beneficiaries. He noted that it supports the state’s efforts to increase the share of renewable energy in Egypt’s energy mix and improve resource efficiency.
Minister of Industry Khaled Hashem said there is ongoing coordination between the Ministries of Industry and Electricity, as well as with Financing Institutions and the Federation of Egyptian Industries, to develop suitable financing mechanisms and incentives that encourage factories to expand their use of solar energy in a way that helps reduce production costs, and enhance industrial competitiveness.
The initiative targets the installation of solar power units in industrial complexes, large factories, and homes to reduce electricity consumption and ease pressure on natural gas resources and the national electricity grid. Egypt advises citizens to postpone travel to Ebola-hit regions amid global alert Egypt advises citizens to postpone travel to Ebola-hit regions amid global alert