First 15GW Pumped Storage Hydropower project in Egypt - a 15 Billion USD foreign Investment

El-Tor Green Valley — Egypt’s First 15 GW Pumped Storage Hydropower Project

Located in the South of Sinai near El-Tor and Sharm El-Sheikh, El-Tor Green Valley brings together a unique combination of natural resources to create one of the largest and most cost-competitive pumped storage hydropower projects in the world. The project will provide Egypt with affordable, locally produced green baseload power, large-scale grid storage, instant power response, and blackout recovery — reducing Egypt’s dependence on LNG imports and gas-fired power generation.

Project at a Glance

El-Tor Green Valley will deliver 27 TWh of electricity per year — approximately 10% of Egypt’s total projected electricity demand by 2030, and nearly 3X the output of the Aswan Dam. Total foreign investment is estimated at 15 billion USD, with up to 30% local content and a project lifetime of 50 years.

The project will be developed in three phases, aligned with offtake demand. Phase 1 is fully dedicated to supplying power and energy storage to the Ministry of Electricity and EETC, securing the bankability of this first phase from the outset.

Key Benefits for Egypt

  • 15 billion USD in foreign investment
  • Up to 30% local content
  • 50-year project lifetime
  • Up to 10% of Egypt’s electricity needs met with green baseload power
  • Tens of thousands of jobs during construction; thousands of permanent operational jobs
  • Long-term energy price security through locally produced electricity
  • 250 GWh large-scale grid storage — equivalent to 50,000 battery containers of 5 MWh each
  • Major development contribution to South Sinai, aligned with the vision of President Sisi
  • Foundation for future green fuel industries including AI data-centers,  green fuel production 

An exceptional site where coastal exposure, available land, high solar irradiation levels, and favorable granite topography converge to offer an unmatched renewable energy development opportunity.

After two years of coordination between all stake holders, Renergy and The National Center For Planning Stateland Uses (NCPSLU), finalized the land allocation for the 3 project phases. The total project area is about 125km2.

The main project areas are:

  • Hydropower dam – 175m high in the Mountains for 185 million m3 water
  • Under gound tunnels with up to 8GW pump-tubines
  • Lower Reservoirs up to 185 mil m3
  • Solar plant up to 15GW
  • Industrial Area – Power Distribution
  • Sea-site industrial Area with Desilanation plant and RoRo
  • Residential Area for the workers with about 1500 apartments
  • 270km 500KV high voltage line to O-Moussa

Pump Storage is one of the most cost effective ways to store grid scale energy, below the schematic overview of the Pump Storage Hydro Power project.

The fresh water, agriculture water made by the project desalination plant, will be pumped up from the lower to the higher reservoir, by the Solar energy during the day. During the night the water flows from the higher reservoir to the lower reservoir to produce electricity by the Generators. So the project is a full closed loop water system, a huge water battery.

To give you an idea, the El-Tor project can store 250GWh, can run 3.1 GW for 80 hours backup, this is equivalent to 50.000 battery / BESS containers of 5MWh.

The higher reservoir is located 800 metres high in the mountain, storing 185 million m3 behind the dam. The two lower reservoirs of 100 million m3 each, will be built in two phases.

The dam will be a massive civil project on its own, 175 meters high, and about 1 km wide with an estimated 7 million m3 of concrete.

Advisory Board

 

Mr. Diederik Samsom

  • Former Member of Parliament and Leader of the Dutch Labour Party
  • Principal architect of the EU Green Deal & RePowerEU
  • Expert on EU H2 policy, regulations & financing

 

Prof. Dr. Ad van Wijk

  • Professor ‘Future Energy Systems’ at Delft University of Technology
  • Advisory Board Dii Desert Energy
  • Leading expert on H2 transition
  • Key role in shaping EU H2 policy

 

Mr Robert Valk

  • CEO And Founder Of Green Tech Egypt & Renergy Group Partners
  • 35 yrs+ experience as business leader
  • Expert in renewable energy project dev.
  • Investor and sponsor of large-scale sustainable energy projects

 

Mr. Diego Vilanova

  • 42+ years in large-scale hydropower with Neyrpic, Alstom, GE, Andritz
  • Senior executive with experience in global large-scale project and market leadership

 

Mr. Talal Al Zain 

  • CEO, Middle East & North Africa, Co-Head Alternative Investments at PineBridge Investments
  • Leading expert in funding and investments in the Middle East

 

Mr. Abdalla Elebiary

  • Director Alvarez & Marsal’s Sovereign Advisory Services
  • Served as Chief Investment Officer of The Sovereign Fund of Egypt
  • served as the first Chairman of the CIO council of the EMENA network

 

Dr Mostafa Madkour

  • Founder and Chairman of the Madkour Company – Leading company in Grid/Utility solutions
  • 37+ years of business experience
  • Ph.D. in “Electrical Power & Machines” from RPI USA, & Cairo University

 

Prof. Dr. Ahmed Gaber

  • Founder and Chairman, Chemonics Consultancy Company
  • Emeritus Professor, Dep. of Chemical Engineering, Cairo University