RCREEE / MED-EMIP Joint EVENTMENA Energized: Regional Challenges toGreen the Power sector An Insight on the MSP, Events & Progress Sharm El Sheihk, 28 June 2009 Eng. Bothayna Rashed Mr. Philippe Lorec : Head of Technical Affairs Sector, NREA French Ministry of Environment, Energy and Egyptian Ministry of Electricity Sustainable Development Email: email@example.com, Email: philippe.lorec@developpement- www.nrea.gov.eg durable.gouv.fr
Content• Background• Events relevant to MSP• EU funded study• WB/CTF Initiative• Alex. Meeting• INFRAMED-Fund• Brussels Meeting• Cairo Working Group Meeting• Ministerial Meeting of Paris
Background• Paris Summit in July 2008, - Declaration of the establishment of UfM - 6 areas of cooperation• MSP goal is 20 GW from RE by 2020.• Challenges Face MSP Sustaining reliable and affordable energy supplies for both Mediterranean Sides. Climate change abatement is a joint responsibility. Huge investments over the medium and long terms are substantial. Sincere efforts to develop the Southern Mediterranean in terms of economic reforms, social development, advanced technologies and R&D environment are required. Keeping up the current momentum to realize the goals.
Events relevant to MSP• An informal meeting of Paris in August 2008,• The Expert Workshop of Berlin in Oct. 2008, - Issues of RE technologies and economics, - Phases of the MSP• Infrastructure Workshop of Paris on Nov. 21st, to: discuss upgrading the grid infrastructure in terms of: technologies and cost effectiveness.• The Conference on MSP of Paris on Nov. 22nd, 2008, to: assess level of the interest of the financial institutions to participate in developing the MSP initiative.• The informal Meeting of Brussels in May 2009, were: a draft Strategy Paper and a Working Paper of Guidelines for Coordination of Efforts were developed to be subject for the comments from the participants of the UfM.
EU funded study• In Jan., EU has assigned 2 consultants to conduct a study titled "Identification of the MSP". - The duration of the study is about 6 month. - The outcome of the study is: a report contains a comprehensive analysis with clear and justified recommendations for the implementation of MSP.• The preliminary findings of the study were presented in the Med- EMIP meeting of Brussels, in May 2009.
Cont. – On Feb. 13th, A Round Table Discussion on the MSP was held in the EC premises in Brussels. – Some MENA countries attended, but not all the representatives of the working group were there. – In April, WB lunched a concept note on "Solar Power Scale up Initiative", based on availing $ 750 million by CTF for Solar power projects in the MENA region.
Alex. Meeting• On April 30th, the International Informal Meeting on FinancingInfrastructure in the Euro-Med Region was held in Alexandria• The main outcomes of the Meeting were: - WB avails $ 750 mio. from CTF to finance MSP. - GEF announced its readiness to contribute with $ 50 mio. - The following institutions will avail finance as follows : AFD: 1 bio. Euro/year over the coming 5 years. KfW: 4.4 bio. Euro for energy and water sectors. EC Projects Directorate Aid: 1 bio. Euro for infrastructure. EIB: 7.5 bio. Euro for the period 2009-2013. Others expressed the interest to be associated with UfM projects. - Establishment of INFRAMED-Fund
INFRAMED-Fund• INFRAMED – Fund represents a regional framework for PPP thatwould help Governments and Companies to develop the regioninfrastructure• INFRAMED equity capital is about 400 mio. Euro, which iscommitted by: - Caisse des depots (France ) - Cassa depositie prestiti (Italy) - EFG Hermes (Egypt ) - Caisse de Depote et de la Gestion (Morocco)• It is planned to increase its capital up to 1 Billion Euro, to be alandmark facility for financing the new urban, energy and transportinfrastructure in the Southern and Eastern Mediterranean.• Many other Gulf Funds (from KSA, Kuwait, Qatar, etc.) expressedtheir interest to join such fund.
Brussels Meeting• On May 4th, MED-EMIP Group / Setting Committee Meeting was held in Brussels.• EC announced the initiative of paving the way to the MSP in purpose of leveling the ground to implement the MSP .• On May 6th, an informal working group meeting was held and hosted by the German Embassy in Brussels. The main outcome of the meeting was drafts of : – Strategy paper – Guidelines for internal procedures for cooperation – Concept note for procedures for appraisal of energy production projects to be discussed.
IAP (2009-2010)Electricity production : 10GW projects
Cairo Meeting• On June 18th, MSP Working Group Meeting in Cairo.• The main outcomes were the following proposals to be presented to Ministerial Meeting of June 25th, in Paris: – A Strategy Paper – Guidelines for Coordination of Efforts Towards the Development of the MSP.
Last Event On June 25th , The Ministerial Meeting on Sustainable Development Projects in Paris.