020318_Hurghada SECAP_FINAL
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Energy in MWh/year Situation in 2015 Cut expected in 2030 Situation in 2030<br />
GHG in tCO2eq/year<br />
Energy GHG Energy GHG GHG (BAU) Cut/ BAU<br />
Tertiary buildings 302,857 156,528 - 60,571 - 31,305 201,921 16 %<br />
Awareness to reduce consumption - 45,428 - 23,479<br />
Pilot projects - 15,143 - 7,826<br />
4.2.4.4 Budget<br />
These figures are rough estimates of budget required per action for the period 2018-2030 and ROI.<br />
Awareness to reduce consumption 50,000 € Less than 1 year<br />
Pilot projects 1,000,000 € 2 to 3 years<br />
4.3. Renewable energy development<br />
Despite the availability of sun, wind, and water in the Governorate of Red Sea, like in many other parts of Egypt,<br />
renewable energy is only strongly emerging in the past 3 years. People are used to relying on electricity produced in<br />
utilities powered by fossil fuels and classical solution for mobility based on diesel or gasoline.<br />
The global uptake of renewable energy should push the Governorate to explore all opportunities available to develop<br />
new production models. Following this route, the Governorate of Red Sea will reduce its dependency on “imported<br />
energy” and spark a new economy that will create jobs and generate revenues for local industries and people.<br />
4.3.1. Solar PV<br />
The Egyptian government is willing to support renewable energy development and for this reason adopted a feed-intariff<br />
policy. If this policy seems to be adapted to large-scale investments, it doesn't represent a real boost for<br />
households’ units. Indeed, the gap between FiT (Feed-in-tariff) offered for such small units and the price of electricity<br />
for individuals is not significant to speed up investment.<br />
Feed-in-Tariffs for solar power<br />
FiT (1)<br />
FiT (1) EUR<br />
cents<br />
FiT (2) FiT(2) EUR<br />
cents<br />
Households (piasters kWh) EGP 84.80 4.0 102.90 4.9<br />
Commercial up to 500 kW (piasters kWh) EGP 90.10-97.30 4.3-4.7 108.50 5.2<br />
500 kW – 20 MW (US cents / kWh) 13.60 11.5 7.90 6.7<br />
20 MW – 50 MW (US cents / kWk) 14.30 12.1 8.40 7.1<br />
Source: Egyptian Electricity Holding Company - EEHC, MoERE<br />
Exchange rate of NBE for 1 Euro = 20.8608 EGP<br />
Large-scale investments facilitated by foreign companies are not facing the same type of problem. The Governorate of<br />
the Red Sea should develop a partnership with companies willing to develop solar PVs, targeting different objectives:<br />
- Develop solar PV units on all Governorate buildings: Potential of Solar PV equipment has been explored for<br />
various public buildings and a first experiment seems to be very promising,<br />
- Develop specific projects for other symbolic buildings: schools, mosques, churches, hospitals and health centres,<br />
to be used as demonstrators in order to promote the technology,<br />
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