Cut­ting En­ergy Costs

Business monthly (Egypt) - - EVENTS -

you want to cut your en­ergy consumption, start by chang­ing your lights. That was the take-away of the AmCham In­dus­try and Trade Com­mit­tee’s Nov. 29 meet­ing ti­tled “How to Con­vert Your Premises into an En­ergy Ef­fi­cient Build­ing.” The meet­ing fea­tured guest speak­ers Mo­hamed Bay­oumi, en­vi­ron­ment team leader, as­sis­tant res­i­dent rep­re­sen­ta­tive, United Na­tions De­vel­op­ment Pro­gramme; Hoda Sabry, chief fi­nan­cial and eco- nomic ex­pert, Euro­pean Bank for Re­con­struc­tion and De­vel­op­ment; and Seif El Din Bata­nouni, cor­po­rate af­fairs, CSR and com­mu­ni­ca­tions man­ager, Man­sour Man­u­fac­tur­ing and Dis­tri­bu­tion Group of Com­pa­nies.

Bay­oumi ex­plained how the UNDP’s En­ergy Ef­fi­cient Light­ing and Home Ap­pli­ances project be­ing im­ple­mented lo­cally in co­op­er­a­tion with the Egyp­tian Min­istry of Elec­tric­ity works. “Light­ing [is the first step] with en­ergy ef­fi­ciency, given the fact that it is a sim­ple tech­nol­ogy and has the short­est pay- back pe­riod,” said Bay­oumi. Light­ing typ­i­cally amounts to 20 to 25 per­cent of to­tal elec­tric­ity consumption; this may be re­duced by 15 per­cent through the use of ef­fi­cient light­ing alone.

The project was launched at UNDP’s premises, achiev­ing 30 to 40 per­cent of sav­ings in en­ergy consumption with an in­vest­ment cap­i­tal pay­back pe­riod of five months. Other en­ti­ties which have im­ple­mented the project wit­nessed sim- ilar re­duced en­ergy consumption and short pay­back pe­ri­ods. “By re­duc­ing elec­tric­ity consumption, you make elec­tric­ity avail­able for oth­ers to use,” Bay­oumi noted.

Sabry high­lighted EBRD’s Egypt Sus­tain­able En­ergy Fi­nanc­ing Fa­cil­ity, a credit line for en­ergy ef­fi­ciency and re­new- able en­ergy in­vest­ments in Egypt. SEFF of­fers loans to the pri- vate sec­tor rang­ing from $300,000 to $5 mil­lion with an in­ter­est rate that dif­fers based on the cur­rency.

Bata­nouni dis­cussed the pi­lot test of the UNDP project, not­ing that pre­lim­i­nary re­sults of the pi­lot test, in­di­cated a 20-30 per­cent direct re­duc­tion in over­all elec­tric­ity consumption.

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