Dated 24 April 2016 ,Signed a memorandum of understanding between the Ministry of Electricity and Energy (represented by the New and Renewable Energy Authority) and the Ministry of Petroleum and Mineral Resources (represented by South Valley Petroleum Company), which aims to develop a general framework for cooperation between the two parties to prepare a road map for the executive steps And the preparation of a technical and economic feasibility study for one of the promising sites to be the first pilot project for the production of electric power from underground heat in Egypt, and a working group was formed to start the executive procedures to activate the memorandum of understanding on the following:
Coordination with the Ministry of International Cooperation is under way to fund the appointment of a consultant to carry out the required study.
The Search for the house of expertise for the purpose of preparing the technical and economic feasibility study of one of the promising sites to be the first pilot project for the production of electric energy from the heat of the underground.
Contract with a consultant to conduct preliminary study on the regions of Hammam Pharaon and the eyes of Moses in the Gulf of Suez and the areas of Ras Shukair and Qusair and the area between Abu Ghassun and the city of Marsa Alam in the Red Sea as well as the area of Farafra Western Sahara
Addressing funding bodies through the Ministry of International Cooperation.