Dec 1, 2020

Egypt and Japan agree £71.6m Cairo electricity deal

Egypt
Japan
Utilities
Dominic Ellis
2 min
Agreement is part of £178.9m loan to Egypt by Japan to improve electricity distribution across the North African country
Agreement is part of £178.9m loan to Egypt by Japan to improve electricity distribution across the North African country...

Japan’s ambassador to Egypt, Noke Masaki, has attended the signing ceremony for an agreement that will oversee the upgrading of the North Cairo Electricity Distribution Company’s (NCEDC) distribution management system.

The agreement will also see the introduction of an advanced metering infrastructure within the company, a statement says.

Egypt’s power sector, which is vitally important for a better quality of life in the country due to its fast-growing population and economy, needs improvement and reinforcing. The Egyptian government has invested in projects that will provide power generation and transmission, focusing on its power distribution network.

In 2016, the Japanese government agreed to provide a loan of £178.9 million to Egypt in order to provide funding that will be used to improve the electrical distribution system in Alexandria, North Cairo, and the North Delta region.

Out of this loan, the North Cairo segment, which represents about £71.6 million, was signed on Monday, November 30, 2020, between the Egyptian Electricity Holding Company (EEHC), Toyota Tsusho Corporation (TTC) and Elswedy Electric T&D.

The project aims to improve the efficiency of the power distribution network by upgrading the infrastructure management system, while also introducing an advanced meter infrastructure, a statement says.

As a result of this upgrade, electricity blackouts are expected to reduce by one-fifth, while the collection of electricity charge will be more efficient. Electricity theft will also be prevented, the statement adds.

Furthermore, the reduction of distribution losses will also be more climate friendly.

Ambassador Masaki hails the Egypt-Japan partnership on this project, referring to TTC’s long-standing operations in Egypt as a main contractor, while Hitachi ABB has been a manufacturer of power distribution systems in the county for many years.

“Japan has long been supporting the pivotal sector for development in Egypt, which is power and energy, with the commitment of £1.5 billion until now.'

“Recent achievements include the construction of the Gulf Al Zayt Wind Power Plant along the Red Sea coast, and the Cairo North Power Plant,” he adds.

Ambassador Masaki also says that the two countries would continue to work closely together ‘for the purpose of improving the people’s lives through projects in the power and energy sector, including renewable energy for inclusive and sustainable development’.

Egypt's Minister of Electricity and Renewable Energy Mohamed Shaker adds his appreciation for Japan's long-term support of the domestic electricity and energy sector. He also states his desire for further enhancing bilateral cooperation between Egypt and Japan.

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Apr 16, 2021

Hydrostor receives $4m funding for A-CAES facility in Canada

energystorage
Canada
Netzero
Dominic Ellis
2 min
The funding will be used to complete essential engineering and planning, and enable Hydrostor to take critical steps toward construction
The funding will be used to complete essential engineering and planning, and enable Hydrostor to take critical steps toward construction...

Hydrostor has received $4m funding to develop a 300-500MW Advanced Compressed Air Energy Storage (A-CAES) facility in Canada.

The funding will be used to complete essential engineering and planning, and enable Hydrostor to plan construction. 

The project will be modeled on Hydrostor’s commercially operating Goderich storage facility, providing up to 12 hours of energy storage.

The project has support from Natural Resources Canada’s Energy Innovation Program and Sustainable Development Technology Canada.

Hydrostor’s A-CAES system supports Canada’s green economic transition by designing, building, and operating emissions-free energy storage facilities, and employing people, suppliers, and technologies from the oil and gas sector.

The Honorable Seamus O’Regan, Jr. Minister of Natural Resources, said: “Investing in clean technology will lower emissions and increase our competitiveness. This is how we get to net zero by 2050.”

A-CAES has the potential to lower greenhouse gas emissions by enabling the transition to a cleaner and more flexible electricity grid. Specifically, the low-impact and cost-effective technology will reduce the use of fossil fuels and will provide reliable and bankable energy storage solutions for utilities and regulators, while integrating renewable energy for sustainable growth. 

Curtis VanWalleghem, Hydrostor’s Chief Executive Officer, said: “We are grateful for the federal government’s support of our long duration energy storage solution that is critical to enabling the clean energy transition. This made-in-Canada solution, with the support of NRCan and Sustainable Development Technology Canada, is ready to be widely deployed within Canada and globally to lower electricity rates and decarbonize the electricity sector."

The Rosamond A-CAES 500MW Project is under advanced development and targeting a 2024 launch. It is designed to turn California’s growing solar and wind resources into on-demand peak capacity while allowing for closure of fossil fuel generating stations.

Hydrostor closed US$37 million (C$49 million) in growth financing in September 2019. 

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