Most of the private companies and leaders in the electricity and renewable energy sector were optimistic and satisfied after the cabinet’s decision to appoint Dr. Muhammad Musa Omran as executive director of the Electricity Utility and Consumer Protection Regulatory Agency.
“Omran” has an opportunity to revitalize the Electricity Utility and Consumer Protection Regulatory Agency, especially as he is not a stranger to the sector and has great experience. He was a good candidate and a choice to take on a heavy task at a difficult time that requires double effort to achieve the desired hopes.
Numerous files in front of “Omran” need to be considered. Perhaps the most important of them is the completion of the rules for selling electricity from the independent producer with the “IPP” system, especially since Arab and international companies are awaiting the issuance of the decision to pump investments exceeding $ 5 billion. Files that need to be studied to allow the private sector to compete and sell electricity produced from renewable energy to consumers, especially since energy trade and circulation and the liberalization of the energy market are clauses stipulated in the Electricity Law, but which need activation.
Investors in the electricity sector expect Omran to look again at the Egyptian companies qualified to implement renewable energy projects, to facilitate procedures for approvals for the establishment of projects, and to determine the capabilities that implement them.
I call on “Omran” to announce the controls and rules governing the private sector to stimulate the production of electricity and sell it to consumers with the “IPP” system, as well as to open the horizons for the private sector to inaugurate energy production stations from waste, determine the regulations and rules, implement the electricity sales tariff for electric cars, and adopt the regulatory controls for the inauguration of units. Charging electric cars to attract investment.
We must not overlook the need to pay attention to the licensing system and disputes, and to review the tariff structure.
In conclusion, the investors of the renewable energy sector want from “Omran” a new, clear and long-term vision that enables them to chart the future of their projects without sudden shifts or emergency changes. They also demand decisions that take into account all parties and push the sector forward and attract the private sector once again.
The article, Muhammad Faraj, writes: “Musa Omran” and the challenges of the electricity utility was written in Al-Borsa newspaper.