Latest news with #MahmoudEsmat
Zawya
2 days ago
- Business
- Zawya
Egypt: Electricity Minister discuss cooperation in energy sector with 6 Chinese companies
Arab Finance: Minister of Electricity and Renewable Energy Mahmoud Esmat held separate meetings with officials from six Chinese companies to enhance partnerships and increase corporate investments in Egypt, as per a statement. The companies are Envision Group, Windey, LONGi, China Energy, PowerChina, and ToNGWEI. The discussions came during the minister's participation in the Shanghai conference on renewable energy, clean energy solutions, and energy transition. These partnerships align with the state's objectives to drive to transfer modern technology, localize industry, and determine a percentage of local industries in components of solar and wind energy projects and energy storage batteries. This is in addition to increasing the local components' percentage in electricity grid projects, including production, transmission, and distribution. During the meetings, Esmat outlined the government's industry localization strategy to create a supportive investment environment for the private sector to attract local and foreign investment. The strategy includes rebuilding infrastructure and promoting the legislative environment, providing guarantees and facilitations, and rehabilitating workers. The minister highlighted expansion plans for renewable energy, including the development of solar and wind energy generation projects, in addition to the diversification of electricity production sources and the energy mix. The officials discussed several projects, such as the manufacturing of energy storage batteries, solar cells, monocrystalline silicon, wind turbines, and their components, and other electrical equipment. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
3 days ago
- Business
- Zawya
Egypt explores strategic partnership with Huawei on renewables, digital transformation
Egypt - Mahmoud Esmat, Egypt's Minister of Electricity and Renewable Energy, continued high-level discussions and convened meetings with leading Chinese companies specializing in electrical equipment and technology during his participation in the Shanghai Conference on Renewable Energies, Clean Energy Solutions, and the Energy Transition in China. Esmat conducted on Sunday a field visit to Huawei's Global Digital Energy and Renewables Division, where he met with Chairman Guo Jiangong and David Sun, the company's Vice President for Energy. The talks centered on strengthening cooperation in digital transformation, upgrading power grids and control centers, expanding battery energy storage systems, and localising advanced manufacturing technologies to support Egypt's strategic shift towards renewable energy. The visit began with an inspection of Huawei's facilities, during which the company's team delivered a detailed presentation on its operations and showcased key innovations. These included technologies for solar plant control systems, data centers, smart-grid communication networks, and advanced battery energy storage solutions. The presentation highlighted Huawei's integrated networking systems, AI-powered tools, and intelligent solutions, all of which contribute to the roadmap for developing a smart grid. These technologies aim to enhance operational efficiency, reduce technical losses and fuel consumption, and improve both power quality and overall network stability. During his visit, the Minister also held in-depth meetings with Huawei's senior leadership, including planning and project teams, to explore potential areas for expanded collaboration in the near term. Discussions covered the prospects of localising select ancillary industries and relocating segments of Huawei's service centers to Egypt, thereby channeling new investments into the country and strengthening its role as a regional hub. The meetings reviewed operational frameworks tailored to Huawei's potential joint ventures within the context of Egypt's national digital transformation strategy. Emphasis was placed on maximizing the returns of renewable energy initiatives and expanding the deployment of battery storage solutions. These efforts align closely with Egypt's national energy strategy and the electricity sector's roadmap, which focuses on diversifying energy sources, increasing the share of renewables in the power mix, and enhancing the economic returns of major energy projects. Esmat also examined Huawei's digital transformation strategies designed to curb losses, prevent waste, and optimize electricity usage. In particular, he reviewed storage technologies intended to supply renewable power to isolated industrial zones and remote residential clusters not connected to the national grid—part of a broader plan to capitalize on renewable energy potential and reduce fuel dependency. Further discussions addressed Huawei's role in deploying its technologies to reduce electrical losses, prevent unauthorized consumption in select governorates, and monitor progress on pilot projects such as those currently underway in Port Said and other regions served by local distribution companies. These initiatives include integrating data across control centers to improve electrical service quality and accelerate the modernisation of Egypt's national grid. Esmat affirmed that the Ministry of Electricity is open to partnerships and cooperation and stands ready to provide the necessary support to encourage Huawei's investment in Egypt and its expansion into neighboring markets. He underlined the partnership's potential, emphasizing Huawei's expertise in energy networks, smart cities, renewable energy solutions, and energy efficiency. Esmat also outlined recent measures taken by the Egyptian state—including comprehensive infrastructure upgrades and enhanced legislative frameworks—to foster greater private sector participation across the electricity and energy sectors. He additionally stressed the importance of adopting cutting-edge communication technologies and cybersecurity tools in the ongoing digital transition and pledged the ministry's commitment to meeting the highest standards of quality and efficiency, which remain central to its strategy for performance improvement and service delivery enhancement. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (
Daily News Egypt
3 days ago
- Business
- Daily News Egypt
Electricity Minister explores strategic partnership with Huawei on renewables, digital transformation
Mahmoud Esmat, Egypt's Minister of Electricity and Renewable Energy, continued high-level discussions and convened meetings with leading Chinese companies specializing in electrical equipment and technology during his participation in the Shanghai Conference on Renewable Energies, Clean Energy Solutions, and the Energy Transition in China. Esmat conducted on Sunday a field visit to Huawei's Global Digital Energy and Renewables Division, where he met with Chairman Guo Jiangong and David Sun, the company's Vice President for Energy. The talks centered on strengthening cooperation in digital transformation, upgrading power grids and control centers, expanding battery energy storage systems, and localising advanced manufacturing technologies to support Egypt's strategic shift towards renewable energy. The visit began with an inspection of Huawei's facilities, during which the company's team delivered a detailed presentation on its operations and showcased key innovations. These included technologies for solar plant control systems, data centers, smart-grid communication networks, and advanced battery energy storage solutions. The presentation highlighted Huawei's integrated networking systems, AI-powered tools, and intelligent solutions, all of which contribute to the roadmap for developing a smart grid. These technologies aim to enhance operational efficiency, reduce technical losses and fuel consumption, and improve both power quality and overall network stability. During his visit, the Minister also held in-depth meetings with Huawei's senior leadership, including planning and project teams, to explore potential areas for expanded collaboration in the near term. Discussions covered the prospects of localising select ancillary industries and relocating segments of Huawei's service centers to Egypt, thereby channeling new investments into the country and strengthening its role as a regional hub. The meetings reviewed operational frameworks tailored to Huawei's potential joint ventures within the context of Egypt's national digital transformation strategy. Emphasis was placed on maximizing the returns of renewable energy initiatives and expanding the deployment of battery storage solutions. These efforts align closely with Egypt's national energy strategy and the electricity sector's roadmap, which focuses on diversifying energy sources, increasing the share of renewables in the power mix, and enhancing the economic returns of major energy projects. Esmat also examined Huawei's digital transformation strategies designed to curb losses, prevent waste, and optimize electricity usage. In particular, he reviewed storage technologies intended to supply renewable power to isolated industrial zones and remote residential clusters not connected to the national grid—part of a broader plan to capitalize on renewable energy potential and reduce fuel dependency. Further discussions addressed Huawei's role in deploying its technologies to reduce electrical losses, prevent unauthorized consumption in select governorates, and monitor progress on pilot projects such as those currently underway in Port Said and other regions served by local distribution companies. These initiatives include integrating data across control centers to improve electrical service quality and accelerate the modernisation of Egypt's national grid. Esmat affirmed that the Ministry of Electricity is open to partnerships and cooperation and stands ready to provide the necessary support to encourage Huawei's investment in Egypt and its expansion into neighboring markets. He underlined the partnership's potential, emphasizing Huawei's expertise in energy networks, smart cities, renewable energy solutions, and energy efficiency. Esmat also outlined recent measures taken by the Egyptian state—including comprehensive infrastructure upgrades and enhanced legislative frameworks—to foster greater private sector participation across the electricity and energy sectors. He additionally stressed the importance of adopting cutting-edge communication technologies and cybersecurity tools in the ongoing digital transition and pledged the ministry's commitment to meeting the highest standards of quality and efficiency, which remain central to its strategy for performance improvement and service delivery enhancement.
Zawya
17-06-2025
- Business
- Zawya
Egypt: Electricity Minister probes strengthening energy cooperation with EIB, EU delegations
Arab Finance: Minister of Electricity and Renewable Energy Mahmoud Esmat held a meeting with Vice President of the European Investment Bank (EIB) Gelsomina Vigliotti and Director-General of the European Union (EU) Stefano Sannino to discuss strengthening cooperation in the energy sector, particularly in renewable energy, energy storage, and grid development, as per a statement. The meeting comes as part of the ministry's broader strategy to support private sector involvement and expand investment opportunities in Egypt's electricity and renewable energy projects. The discussions focused on enhancing joint efforts in areas such as new and renewable energy projects, battery-based energy storage systems, grid development, and cross-border electricity interconnection, especially with European countries via Italy and Greece. Esmat emphasized the ministry's commitment to creating a favorable investment climate through regulatory reforms and legislative amendments that facilitate private sector engagement. He noted that the ministry's energy transition plan prioritizes reducing fuel consumption, cutting carbon emissions, and increasing the share of renewables in Egypt's energy mix © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
16-06-2025
- Business
- Zawya
Egypt: Esmat directs electricity sector to enhance preparedness as regional emergencies escalate
Arab Finance: Egypt's Minister of Electricity and Renewable Energy Mahmoud Esmat held a high-level meeting to review fuel reserves and direct electricity sector leaders to enhance preparedness to secure the national grid and ensure a stable power supply amid escalating emergency conditions in the region, as per a statement. Esmat affirmed the stability of the unified electricity grid and the continued availability of power across the country. He emphasized the need to increase the contribution of renewable energy to the energy mix and adopt new operational patterns to optimize fuel consumption and boost electricity generation efficiency. He instructed electricity distribution company heads to enhance their level of readiness, closely monitor the power supply situation, and maintain ongoing coordination with both company control centers and regional control units under the Egyptian Electricity Transmission Company (EETC). Esmat also stressed the importance of 24/7 on-site leadership presence and real-time monitoring to maintain grid stability and respond to any developments. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
