The Regional Center for Renewable Energy and Energy Efficiency (RCREEE) signed a new cooperation agreement with housing ministry aimed at encouraging investments in renewable energy and energy efficiency applications in the country’s construction sector, according to an official statement on Saturday.
The agreement was signed on Thursday by RCREEE Executive Director Ahmed Badr and First Undersecretary of the Ministry of Housing and Head of Construction and External Relations Mohamed Hesham Darwish.
The centre describes itself on its website as “an intergovernmental organisation with diplomatic status that aims to enable and increase the adoption of renewable energy and energy efficiency practices in the Arab region.” It is based in Cairo.
The agreement facilitates the two parties’ efforts in research, capacity development and technical assistance for renewable energy and energy efficiency applications in the construction sector, according to a press release.
The centre will provide technical support through its experts to the Egyptian ministry in the fields of renewable energy and energy efficiency in the construction sector, as per the agreement.
The two parties will also jointly undertake funded projects as well as encourage cooperation with all relevant national stakeholders to develop, implement and follow up policies, strategies and action plans for renewable energy and energy efficiency applications in the construction sector, in line with Egypt’s priorities.
“This agreement reflects RCREEE and the ministry’s efforts to encourage private sector investments in renewable energy and energy efficiency projects in the construction sector in Egypt,” the statement said.
The use of energy in the construction sector in the country represents about 40 percent of total electricity consumed locally.
The demand for the usage of energy in the construction sector is expected to increase by 50 percent by 2050 due to population growth and rapid growth in purchasing power, according to the centre.