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The Minister for Military Production met WTEI consortium members

The Egyptian State Minister for Military Production met WTEI consortium members at the headquarters of the Ministry’s general office. The Minister, Engineer Mohamed Ahmed Morsi, invited our delegation to discuss the cooperation in the field of waste to energy. From the consortium side, “Green Tech Egypt” and “OAK Group Holdings” took participation in the meeting. Mr Robert Valk, the Chairman, presented the “Green Tech Egypt”. Mr Gareth Brown, the Group CEO, participated on behalf of “OAK Group Holdings”

As we reported previously, a year ago Waste to Energy International (WTEI) created the consortium for Egyptian projects. In this consortium, “Green Tech Egypt” plays the role of the local developer and project sponsor. “OAK Group Holdings” takes the responsibilities of financial developer and investor, and WTEI is the technical developer. Later, we completed the feasibility study for the first WTE plant in Egypt.

Minister for Military Production met WTEI consortium
Official photo from the meeting

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.