ENGIE signs energy agreements with Egypt

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ENGIE signs energy agreements with Egypt

On the occasion of the State Visit of President François Hollande of France and the French Republic to Egypt, Isabelle Kocher, Deputy CEO and Chief Operating Officer of ENGIE, has signed today two energy agreements.

Firstly, a cooperation agreement for further development of renewable energy with the National Renewable Energy Association (NREA) and the Egyptian Electricity Transport Company (EETC). ENGIE and its partners are already conducting a number of renewable energy projects in Egypt such as the financing, construction, operation and maintenance of 2 x 50 MW solar photovoltaic (PV) projects in Benban under the FIT (Feed-in-Tarif) program, the 2 x 50 MW wind project FIT “Ras Ghareb” and the “West of Nile” complex where ENGIE has prequalified for wind, solar PV and Concentrated Solar Power Build-Own-Operate projects.

All these projects are part of the Government’s ambition to promote the development of renewable electricity and to increase the share of renewables in the energy mix to 20% by 2022. Such renewable initiative also aims to address the tension between electricity demand and supply in Egypt, and to diversify Egypt’s energy mix.

Furthermore, on April 18, ENGIE and the Egyptian national company EGAS, under the auspices of the Egyptian Ministry of Petroleum and Mineral Resources, executed a cooperation agreement on LNG importation to Egypt. As a long lasting partner of the local gas industry, ENGIE will thus contribute to supplying Egypt’s gas market.

In Egypt, ENGIE is also keen to develop its energy services activities and its offer for sustainable cities, taking the opportunity of the Government’s “New Cairo” and “New urban planning of Suez canal area” programs. Besides, in the Gulf of Suez, ENGIE is conducting, with its partners Orascom and Toyota Tsusho, a 250 MW BOO (Build-Own-Operate) wind project.

Source: www.engie.com

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.