Anchorage Investments Steers Egypt’s Downstream Projects Toward Decarbonization
Founder and Managing Director of Anchorage Investments Ltd., Dr. Ahmed Moharram was proudly elected to join the 6th Egypt Petroleum Show (EGYPS 2023)’s panel discussion, titled: Accelerating Decarbonization and Energy Security through Public Private Partnerships.
The panel aimed at discussing the role of PPPs in delivering long-term oil, gas, and energy infrastructure projects, while examining the investment models that enable governments to achieve energy security without having to increase direct state capital spending.
He inaugurated his talk by saying: Securing energy sources became a pressing necessity for the whole world, especially in light of the recent happenings which overshadowed all business sectors. Countries across the globe placed energy projects’ financing and investments on top of their priorities, specifically those concerned with decarbonization and sustainable development.
Throughout EGYPS 2023’s intriguing dialogue, Moharram unveiled the key challenges facing decarbonization projects, stating: New financing solutions are crucially needed to mitigate challenges facing the decarbonization of the oil and gas sector. Public-private partnership model as well can be an effective instrument to leverage the lucrative resources of both sectors, making the transition more feasible and pragmatic.
Moharram proposed key measures to properly govern PPPs’ action plan, claiming: Establishing a strong policy and regulatory framework for fruitful PPPs can competently achieve decarbonization and energy security goals through providing clear revenue streams, long-term contractual structure, defined sought-after infrastructure while setting resilient, measurable, and constant performance monitoring, closely linked to payments or penalties.”
Under the auspices of H.E. President Abdel Fattah Al-Sisi, the 6th Egypt Petroleum Show (EGYPS 2023) has been successfully launched, from February 13th – 15th, at the Egypt International Exhibitions Center (EIEC), themed “Finance & Investment in Energy Conference”. Prime Minister Dr. Mostafa Madbouly witnessed this groundbreaking event, along with the Minister of Petroleum and Mineral Resources, Eng. Tarek El-Molla, and many high-profile State ministers and officials.
