Egypt inks $120mln contract to build first waste-to-energy plant in Giza

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Egypt has signed a $120 million contract to design, build, own, and operate the first plant for converting solid wastes into electricity, Environment Ministry announced on April 4th.

The contract has been sealed between the Giza Governorate and a consortium comprised Renergy Egypt and the National Authority for Military Production.

Through its partners embodied in Ministry of Military Production, Green Tech Egypt, and Oak Group Holdings, the consortium will build, own and operate the project for a period of 25 years, after which the ownership of the plant will be transferred to Giza Governorate.

The plant, to be located in Abou Rawash, Giza, will treat 1,200 tons of households’ solid waste per day to electricity as part of Egypt Vision 2030, CEO of Renergy Group Partners Robert Falk said.

For his part, Minister of Finance Mohamed Maait confirmed that projects to convert solid waste into electric energy create a new path to promote environmentally friendly investments in priority sectors.

The minister added that eight waste-to-energy projects are set to be implemented at a value of EGP 10 billion.

Moreover, Yasmine Fouad, Minister of Environment, highlighted that government has begun to adopt a national strategy to allocate part of the solid wastes, which amount to a range between 4.5 to 5 million tons annually, for conversion into energy.