Cutting Energy Costs
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.