EGP 20m allocated to convert 6 hotels in Marsa Alam to new, renewable energy: Tourism ministry adviser

The Ministry of Finance has allocated EGP 20m to the Ministry of Tourism to convert six Marsa Alam hotels to renewable energy, according to the Minister of Tourism for Energy adviser, Emad Hasan.

He noted that the project will be implemented during the first half of 2015, to be followed by converting the entire sector to new and renewable energy, in accordance with the ministry’s strategy.

The Ministry of Finance allocated EGP 1.250bn during 2014 to provide loans for converting to new and renewable energy, in light of the energy crisis in Egypt.

Hasan sees that decreasing the financial allocations of the new energy programme in the sector is not considered a retreat.

“Hotels that will convert to new energy will be a trial phase which will decide on transformation in all hotels for the coming period,” Hasan said.