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WTEI opens up a new space: hydropower projects development

From the date of its foundation, our company concentrates on alternative energy projects development. First of all, our project portfolio comprises waste-to-energy projects, with the addition of wind and solar power projects. Recently, Waste to Energy International made a big step ahead in alternative energy and commenced hydropower projects development.

Several months ago, we have signed an MoU to develop, construct and operate a 188 MW hydropower plant. We used a similar approach to the feasibility study as for the first WTE plant in Egypt. In the last months, WTEI worked in the close cooperation with the local developer. We have collected essential technical, commercial, legal and environmental project information. Basing on this information, we requested the technical proposal from a reputable Engineering, Procurement and Construction (EPC) company. Our EPC partner is a strong Chinese group with a long list of achievements in hydropower. The group has the turnaround valued of tens of billion in USD.

WTEI opens up a new space: hydropower projects development

We have now revived a historical and ageing project opportunity. It has now many of the hallmarks required to become a modern and sophisticated, sustainable Renewable Energy venture. Therefore, the new facility to provide the region with a primary energy supply that meets with the country objectives. This will increase and diversify local use of renewable energy sources.

First WTE plant in Egypt feasibility study completed

First WTE plant in Egypt overview.
First WTE plant in Egypt overview.

In cooperation with its long-term partner OAK, WTEI has completed the feasibility study for the first WTE plant in Egypt. Previously, we reported that WTEI entered a consortium for waste to energy projects. Later in August 2020, the feasibility study started to prepare the project for funding.

With a particular focus on the development of Concession Agreement (CA), Power Purchase Agreement (PPA) and Financial Model, such documentation represents an intellectual platform for current and future opportunities.

WTEI consortium is prequalified in Egypt

Prequalification results saying that WTEI consortium is prequalified in Egypt.

On October, 25th, we have received an official letter from the Management Regulatory Agency (WMRA) of Egypt. WMRA is a division of the Egyptian Ministry of Environment. The letters confirms that WTEI consortium is prequalified as a company to create a waste-to-energy plant in Egypt.

Previously, in April, 2020, WMRA published a Request for Expression of Interest (EOI) for Waste to Energy Projects. That is why Green Tech Egypt, OAK Group Holdings, and Waste to Energy International created a consortium for the project. Together with our partners, WTEI team worked on EOI for 2 months. After that, in June, along with 92 other companies, consortium submitted a 200-pages EOI to WMRA.

In short, these 92 companies have submitted their Expression of Interest (EOI) and the prequalification documents to the following services:

  1. Waste to Energy relying on:
    • Municipal Solid Waste (MSW);
    • Sludge Treatment for Waste Water Treatment Facilities;
    • Biogas of the Sanitary Landfilling.
  2. Mechanical Biological Treatment (MBT) of MSW focusing on:
    • Production of the Refused Derived Fuel (RDF);
    • Making of the Compost;
    • Production of other products such as biofuel, charcoal, etc.

Accordingly, the 92 companies have submitted to either single treatment service or multiple services of treatment. Our consortium made focus on waste-to-energy services.

Cooperation protocol with the Ministry of Military Production of Egypt

Signing of the cooperation protocol with the Ministry of Military Production.
Signing of the cooperation protocol with the Ministry of Military Production.

Ministry of Military Production signs a cooperation protocol with “Green Tech Egypt” and “OAK” to build waste-to-energy plants in Egypt.

The document is the next step of the consortium of Waste to Energy International, OAK, and GTE activity in Egypt. Previously, meeting with the key ministers created the basis for signing of the current cooperation protocol.

Meeting with ministers in Egypt

Recently performed meeting with ministers in Egypt supported current development of the waste-to-energy project near Cairo. On Sunday, 06 September 2020, Minister of Military Production and Minister of Environment met local developer of our Consortium, Green Tech Egypt company (GTE).

Ministry of Environment plays the role of the supervisor for waste management system in Egypt. Ministry of Military Production supports the project by involving local industrial enterprises. In other words, such local enterprises to produce part of the plant equipment: conveyors, electrical equipment, fittings etc.

Both ministers and their key specialists listened to the presentation created by Waste to Energy International (WTEI). Green Tech Egypt company owner conducted the presentation. He showed proposed technology, commercial and financial project structuring. Also, presentation explained how the project can help Egypt to solve current waste utilisation problem.

Meeting with ministers in Egypt - First page of the presentation
First page of the presentation