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Trade Ministry, UNIDO launch $2.75mln energy efficiency project
30 October 2019  -  Sector :  -  Entity :  -  Category : General

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The four-year project aims at promoting innovation in energy consumption efficiency, providing technical support and upgrading the skills of factory workers.

Cairo- Oct 30, 2019

Ministry of Trade and Industry has signed with the United Nations Industrial Development Organization (UNIDO) the contract of the Egyptian program for enhancing electric engine efficiency in the industrial sector.

The four-year project will be implemented by the UNIDO, starting 2020, in collaboration with the ministry and the private sector, and will be financed by the Global Environment Facility with a total financing worth $2.75 million.

The program aims at promoting innovation and technology in energy consumption efficiency, providing technical support and upgrading the skills of factory workers.

"Egypt has around a million engines with an installment capacity exceeding 17 gigawatts. The industrial sector accounts for 86% of this capacity, while engine systems consume 60% of Egypt's total electricity demand," said Ahmad Taha, the trade minister's assistant, who also signed the contract. 

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