The Ministry of energy reviewed, on Wednesday, its investment plans to enhance energy production and attract worldwide corporations. while it showed the begin of preservation paintings and addressing bottlenecks to face the challenges of summer, it found out promising funding opportunities to establish new power stations and boom deliver hours.
The ministry’s spokesman, Ahmed Moussa, stated in a press statement: “anybody now feels the significance of the power report, as it’s miles linked to the lives, livelihoods and economic system of residents, and is considered a key to the success of the authorities’s effort.”
He added that “the ministry is presently operating on finishing emergency, programmed and periodic protection to make sure readiness before the start of summer season. work is likewise being completed swiftly to improve transmission traces and increase strength deliver hours, similarly to addressing bottlenecks, creating feeders and building stations.”
He talked about that “there are funding programmes and plans that provide opportunities for main worldwide corporations, whether or not country wide or foreign, to establish huge strength technology stations or to increase the distribution sector via smart transformation technology.”
He talked about that “these possibilities encompass operating on enforcing steam and fuel stations, as the ministry will buy electricity consistent with the specs of the funding law,” including that “there are great possibilities nowadays for international and nearby organizations to install new stations to increase power production consistent with the height masses required during the summer.”
Mousa confirmed that “there are big investment tasks granted to some companies that paintings on producing and promoting strength for the Ministry of energy, in addition to the existence of large projects that include electric connection initiatives and the status quo of steam stations that have been presented to worldwide companies. The ministry is also carrying out a examine of commercial and technical gives submitted by means of some companies to implement projects in the distribution sector.”
He explained that “the ministry seeks to achieve the authorities’s necessities with the aid of obtaining promising funding opportunities that contribute to maintaining public funds and achieving a strong partnership committed to hurry crowning glory, accuracy of specs and adherence to the specified monetary standards.”
