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A series of informative roundtables to be held over two months as part of the “Building Egypt 2030” initiative
Cairo, Egypt, XX October 2015 - As part of its commitment to the Egyptian market and efforts to promote its "Build Egypt 2030" campaign and in line with its global vision to promote and implement the use of alternative and renewable fuels, Lafarge Egypt, in partnership with MEED, will be running a series of morning briefings dedicated to defining opportunities in Egypt's economy from October to December 2015. The first in the series of three, the Lafarge Egypt Energy Briefing, is committed to the renewable and alternative energy sector and will take place on Monday October 12th and will cover topics including the Energy sector's future outlook, latest developments, power mix and project requirements. This will provide a significant platform to discuss and deliberate upon the key issues faced within Egypt as the country continues to address challenges.
This comes at a critical time as Egypt's current power generation capacity shows a negative reserve margin relative to peak demand which calls for new and versatile solutions. The country needs to increase capacity every year on average by 5.2 GW through 2022. In addition to that, the current power generation mix is highly concentrated on oil and gas (91%, with 8% being provided by hydropower). Egypt's energy intensity is 26,000 BTU per US$ of GDP, which is 4-5 times as high as most European countries; a clear indication of low energy efficiency.
Egypt has the highest wind energy potential in the Middle East and North Africa (30 GW or close to the entire current generation capacity) and enjoys direct solar radiation between 2000-3200 kWh/m2/year across its large landmass which is necessary and optimum for securing the Egyptian energy supply, diversifying the Egyptian power mix and preserving the environment while reducing Egypt's share of contribution to the global greenhouse gases emissions.
"Lafarge Egypt has already implemented many projects over the past three years in order to increase the use of alternative fuels and we aim to achieve an average fuel substitution rate of 25% by the end of 2015," said Hussein Mansi, CEO, Lafarge Egypt. "Already, we have processed more than 260,000 tons of waste and used it as an alternative fuel in our Sokhna plant since 2013, which is an equivalent of 100,000 tons of fossil fuels," he added.
Lafarge Egypt continues to strive for new solutions and aims to promote the use of alternative and renewable to industry stakeholders and across the Egyptian industrial ecosystem by partnering in awareness initiatives with reputable and experienced bodies such as MEED.
The speaking panel will include Richard Thompson the Editorial Director of MEED, Hussein Mansi the Chief Executive Officer of Lafarge Egypt, Dr. Ahmed Badri the Executive Director at the Regional Centre for Renewable Energy & Energy Efficiency (RCREEE) and Maged Mahmoud the Head of Projects at the Regional Centre for Renewable Energy & Energy Efficiency (RCREEE). Ends
About LafargeHolcim
With a well-balanced presence in 90 countries and a focus on Cement, Aggregates and Concrete, LafargeHolcim (SIX Swiss Exchange, Euronext Paris: LHN) is the world leader in the building materials industry. The Group has 115,000 employees around the world and combined net sales of CHF 33 bn (EUR 27 bn) in 2014. LafargeHolcim is the industry benchmark in R&D and serves from the individual homebuilder to the largest and most complex project with the widest range of value-adding products, innovative services and comprehensive building solutions. With a commitment to drive sustainable solutions for better building and infrastructure and to contribute to a higher quality of life, the Group is best positioned to meet the challenges of increasing urbanization.
More information is available on www.lafargeholcim.com
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Lafarge Egypt to host an industry roundtable discussion on the use of alternative and renewable fuels in Egypt in partnership with MEED
11.10.2015
