{"id":111765,"date":"2025-04-21T23:56:05","date_gmt":"2025-04-21T21:56:05","guid":{"rendered":"https:\/\/www.csregypt.com\/?p=111765"},"modified":"2025-04-21T23:56:05","modified_gmt":"2025-04-21T21:56:05","slug":"electricity-costs-of-el-gouna-down-by-12-annual-co2-emissions-cut-by-8418-tons","status":"publish","type":"post","link":"https:\/\/csregypt.com\/en\/electricity-costs-of-el-gouna-down-by-12-annual-co2-emissions-cut-by-8418-tons\/","title":{"rendered":"Electricity costs of El Gouna down by 12%, annual CO2 emissions cut by 8,418 tons"},"content":{"rendered":"<p class=\"MsoNormal\" dir=\"ltr\" style=\"text-align: left;\"><span style=\"font-size: 14.0pt; line-height: 115%; font-family: 'Arial','sans-serif'; mso-ascii-theme-font: minor-bidi; mso-hansi-theme-font: minor-bidi; mso-bidi-font-family: Arial; mso-bidi-theme-font: minor-bidi; color: #082640;\"> <span style=\"background: white;\">Electricity costs of El Gouna &#8211; a Red Sea resort city &#8211; were down by 12 percent and cut its annual CO2 emissions by 8,418 tons.<\/span><\/span><\/p>\n<p class=\"MsoNormal\" dir=\"ltr\" style=\"text-align: left;\"><span style=\"font-size: 14.0pt; line-height: 115%; font-family: 'Arial','sans-serif'; mso-ascii-theme-font: minor-bidi; mso-hansi-theme-font: minor-bidi; mso-bidi-font-family: Arial; mso-bidi-theme-font: minor-bidi; color: #082640; background: white;\">The investment has helped the city reduce its electricity costs and secure a clean energy source for the next 25 years, reducing the town\u2019s electricity costs by 12 per cent and cutting El Gouna\u2019s annual CO2 <a href=\"https:\/\/www.csregypt.com\/en\/iata-to-launch-co2-connect-for-cargo-to-support-accurate-emissions-calculation-reporting\/\">emissions<\/a> by 8,418 tons.<\/span><\/p>\n<p dir=\"ltr\" style=\"background: #fefefe; text-align: left;\"><span style=\"font-size: 14.0pt; font-family: 'Arial','sans-serif'; mso-ascii-theme-font: minor-bidi; mso-hansi-theme-font: minor-bidi; mso-bidi-theme-font: minor-bidi; color: #0a0a0a;\">The $ 4,392,085 investment allowed Gouna Services company to significantly cut on its electricity expenses over 25 years and secure a clean energy source. Moreover, the project helped create 63 temporary jobs and 12 permanent jobs for engineers and technicians, including two females.<\/span><\/p>\n<p dir=\"ltr\" style=\"margin: 0cm 0cm 0.0001pt; background: white; text-align: left;\"><span style=\"font-size: 14.0pt; font-family: 'Arial','sans-serif'; mso-ascii-theme-font: minor-bidi; mso-hansi-theme-font: minor-bidi; mso-bidi-theme-font: minor-bidi; color: #082640;\">Through the\u00a0<a style=\"box-sizing: border-box; cursor: pointer; color: var(--anchor-default); background: linear-gradient(var(--anchor-hover),var(--anchor-hover)); transition: background-size 0.5s ease 0s;\" href=\"https:\/\/ebrdgeff.com\/\"><b>Green Economy Financing Facility<\/b><\/a>\u00a0and thanks to the support of the\u00a0<a style=\"box-sizing: border-box; cursor: pointer; color: var(--anchor-default); background: linear-gradient(var(--anchor-hover),var(--anchor-hover)); transition: background-size 0.5s ease 0s;\" href=\"https:\/\/www.ebrd.com\/home\/who-we-are\/our-organisation\/shareholders\/european-union.html\"><b>European Union<\/b><\/a>, the European Bank fr Reconstruction and Development (EBRD) helped local developer Orascom sign an agreement with SolarizEgypt to design and build a solar plant in the area.<\/span><\/p>\n<p class=\"MsoNormal\" dir=\"ltr\" style=\"text-align: left;\"><span style=\"color: #0a0a0a; font-family: Arial, 'sans-serif'; font-size: 14pt; background-color: #fefefe;\">El Gouna is Orascom Development Egypt\u2019s (ODE) flagship project that offered a self-sufficient town built on 10 km of the Red Sea coastline on the eastern borders of Egypt.\u00a0 ODE is a leading developer of fully integrated destinations in Egypt and other international locations covering a wide range of development fields including single-family housing, apartments, hotels, leisure facilities such as golf courses and marinas, as well as other supporting facilities such as schools, universities, and hospitals.<\/span><\/p>\n<p dir=\"ltr\" style=\"background: #fefefe; box-sizing: inherit; margin: 1rem; text-rendering: optimizelegibility; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: left; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px;\"><span style=\"font-size: 14.0pt; font-family: 'Arial','sans-serif'; mso-ascii-theme-font: minor-bidi; mso-hansi-theme-font: minor-bidi; mso-bidi-theme-font: minor-bidi; color: #0a0a0a;\">Solariz Gouna for Solar Energy (SGS) was established by SolarizEgypt as a Special Purpose Vehicle (SPV) for independent ownership, management and funding of the plant.<strong style=\"box-sizing: inherit; line-height: inherit;\"><span style=\"font-family: 'Arial','sans-serif'; mso-ascii-theme-font: minor-bidi; mso-hansi-theme-font: minor-bidi; mso-bidi-theme-font: minor-bidi;\">\u00a0<\/span><\/strong><\/span><\/p>\n<p dir=\"ltr\" style=\"background: #fefefe; box-sizing: inherit; margin: 1rem; text-rendering: optimizelegibility; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: left; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px;\"><span style=\"font-size: 14.0pt; font-family: 'Arial','sans-serif'; mso-ascii-theme-font: minor-bidi; mso-hansi-theme-font: minor-bidi; mso-bidi-theme-font: minor-bidi; color: #0a0a0a;\">Solariz Gouna has signed a Power Purchase Agreement (PPA) with El Gouna Services to design, build, own, operate, and maintain a solar PV power plant. Under this PPA, which runs for 25 years, Solariz Gouna will sell the electricity generated from the PV plant to El Gouna Services at a price that is 12% lower than the national electricity tariff for the average price of High Voltage.<\/span><\/p>\n<p dir=\"ltr\" style=\"background: #fefefe; box-sizing: inherit; margin: 1rem; text-rendering: optimizelegibility; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: left; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px;\"><span style=\"font-size: 14.0pt; font-family: 'Arial','sans-serif'; mso-ascii-theme-font: minor-bidi; mso-hansi-theme-font: minor-bidi; mso-bidi-theme-font: minor-bidi; color: #0a0a0a;\">The GEFF team provided support to Solariz throughout various phases of the project by providing technical and economic assessment of the operational benefits associated with the new PV system they are planning to install for their client.<\/span><\/p>\n<p class=\"MsoNormal\" dir=\"ltr\" style=\"box-sizing: inherit; margin: 1rem; text-rendering: optimizelegibility; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: left; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px;\"><span style=\"font-size: 14.0pt; line-height: 115%; font-family: 'Arial','sans-serif'; mso-ascii-theme-font: minor-bidi; mso-hansi-theme-font: minor-bidi; mso-bidi-font-family: Arial; mso-bidi-theme-font: minor-bidi;\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Electricity costs of El Gouna &#8211; a Red Sea resort city &#8211; were down by 12 percent and cut its annual CO2 emissions by 8,418 tons. The investment has helped the city reduce its electricity costs and secure a clean energy source for the next 25 years, reducing the town\u2019s electricity costs by 12 per [&hellip;]<\/p>\n","protected":false},"author":410,"featured_media":111766,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[984,13332],"tags":[6087,19061,19062,6463,8050],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Electricity costs of El Gouna down by 12%, annual CO2 emissions cut by 8,418 tons - Csr Egypt<\/title>\n<meta name=\"description\" content=\"Electricity costs of El Gouna - a Red Sea resort city - were down by 12 percent and cut its annual CO2 emissions by 8,418 tons.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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