Ministry of Military Production signs a cooperation protocol with GTE and OAK to build waste-to-energy plants in Egypt.
The document represents the next step in the consortium of Waste to Energy International, OAK, and GTE’s activity in Egypt. Previously, a meeting with the key ministers created the basis for the signing of the current cooperation protocol.
Governmental comments on the cooperation protocol with the Ministry of Military Production
Engineer Mohamed Ahmed Morsi, Minister of State for Military Production, witnessed the signing of a cooperation protocol. The document aims to establish a joint stock company to build and operate waste-to-energy plants in Egypt.
Minister Morsi explained that this protocol comes as a continuation of the existing cooperation with GTE. This cooperation began with the signing of the Memorandum of Understanding (MoU) on July 17, 2020. Firstly, the MoU aimed to establish waste-to-energy plants that convert municipal solid waste into electrical energy.
Also, Minister Morsi confirmed that this protocol significantly contributes to finding sustainable and immediate solutions in the waste treatment company. This company is to treat municipal solid waste in Egypt within the framework of the Ministry of Military Production’s endeavour. At the same time, the company should employ all the industrial, technological, and human capabilities available to it. Additionally, the goal is to establish a robust waste management system that leverages the transition to innovative energy solutions.
The official spokesperson for the Ministry of Military Production, Mohamed Eid Bakr, also appreciated the protocol. He explained that this protocol is part of the ministry’s objectives to achieve maximum performance commensurate.
Comment by the CEO of the GTE
GTE emphasised the importance of establishing a company in cooperation with the Ministry. “The goal is to establish and operate plants in Egypt to treat municipal solid waste and convert it into electrical energy”.
Comment by the CEO of OAK
OAK stated that his company will finance plants established to international specifications. As a result, the project will yield a significant economic return, generating electricity using modern technology.
