With the help of the coup government..Foreign companies “loot” the funds of Energy Authority projects

Regulatory reports revealed that the projects of the New and Renewable Energy Authority were subjected to a state of “looting” by foreign companies working in those projects, whether in maintenance or implementation work without any move from the coup government, which confirms that it is conspiring with it to loot the Egyptians’ money.

The thermal solar plant in Al-Karimat, which is affiliated with the New and Renewable Energy Authority, had suffered losses of millions of pounds due to the fatal errors of the Spanish company “Epidrola”, the project contractor, which occurred without the authority taking the necessary legal measures to preserve the state’s funds.

A supervisory report revealed that the plant had malfunctions during the warranty period; Although the errors were serious, the Energy Authority did not take legal measures to ensure the preservation of its rights with the “Epdrola” company by extending the warranty period for the periods of stopping the thermal solar plant with creams, which cost about 2 billion and 577 million pounds, and this has implications for determining the occurrence of the malfunction during the warranty period.

The report triggered a surprise of the great caliber, as it stated that one of the supervisory authorities demanded that the authority provide it with all the negotiations that took place regarding the final settlement of closing and closing the contract with the “Epidrola” company, but the authority did not provide it with the details.

He stated that a committee was formed to settle disputes between the authority and the “Epidrola” company, but the committee’s opinion showed that the company provided more than what the authority incurred by about EGP 2.010 million, although this offer is less than what the authority incurred by about EGP 2.405 million, according to the memorandum presented. From the committee on the authority’s board of directors, which included about 10,500 million pounds, the value of open guarantee notices owed to the authority by the company, which were not made and did not appear in the authority’s books.


Regarding the technical errors of the “Epidrola” company in the solar power plant in Al-Karim, the report confirmed that the reasons for the failure of the rotor member of the plant were not determined to avoid this in the future, and the reasons that led to the malfunction were not identified, to prevent its recurrence in the future.

He demanded that all necessary measures be taken to determine the responsibility for compromising the rights of the Renewable Energy Authority with the Spanish company “Epidrola”, and to determine the reasons for the failure of the rotating member of the solar power plant with creams. With the need to obtain all data and documents regarding open guarantee notifications, amounting to 10.5 million pounds.

According to the report, the authority’s response came that the formed committee considered that the aforementioned amount was sufficient to redress all the damages inflicted on the authority, and the contractor would not then have any obligations towards the authority for this contract, adding that a working group was formed to determine the causes of the malfunction and indicated that the warranty notices estimated some Malfunctions that occurred during the warranty period and the company did not respond to the Authority to fix them.

The report pointed out that the authority had neglected to provide one of the regulatory authorities with all the details of the negotiations with “Epidrola”, the contractor executing the solar plant with creams regarding the final settlement of closing and closing the contract, as well as the procedures taken by the authority to determine the causes of the malfunction, in addition to the fact that the open warranty notifications due were not clearly defined. The authority has a party to the company Ipedrola with an amount of 10.500 million pounds.

He added that the credit balances owed to others with the authority still include about 28.681 million pounds in the name of the Spanish “Epidrola” company, of which about 22.460 million pounds until the required technical notes are met, and the rest is about 6.221 million pounds until social insurances are paid.

The report indicated that despite the request to study and study those amounts and procedures in light of what that study will explain, the authority did not take the necessary measures in this regard.

Spanish contractor

According to the supervisory report, the New and Renewable Energy Authority did not succeed in collecting its dues of about 82.657 million pounds from the Spanish company Gamesa Olica, of which 76.339 million pounds represent the currency differences owed by the company as a result of what it spent from the advance payment and invoices from the Spanish “Eco” institution.

He pointed out that the authority was lax in preserving its rights with the “Gamesa” company for its various projects, as the company spent about 693 million and 739 thousand pounds for the Spanish project with a capacity of 120 megawatts, for the local and foreign component without notifying the authority in violation of the concluded contract and violation of Article (18) of the The terms of the contract and the method of payment and documentation, where the company spent about 243.130 million pounds for the local component and about 450,575 million pounds for the foreign component from a bank (BBVA) – The correspondent bank that deposited the entire value of the financed loan to the local and foreign component directly without approving or notifying the technical authority of these invoices and reviewing them by the Financial Department, forcing the Authority to prove those invoices in light of the company actually disbursing them.

He confirmed that there are 6.318 million pounds owed by Gamesa for fines due to deviations from the contractual availability during the first year of operation and maintenance of the 200-megawatt “Jabal El-Zeit” project.

Delay penalty

With regard to the violations of Gamesa, the report demanded that all measures be taken to prevent a recurrence of this matter in the future, and the necessity of the authority’s commitment to contracting with the company, and the identification of the construction manager of the project for tighter control, and also demanded that the necessary measures be quickly taken to preserve the authority’s rights to settle what was paid in excess of the payment The introduction and bills of the local component total about 76.339 million pounds.

The report stressed the speed of setting up a specific mechanism between the authority and the company regarding the differences that will result from the payment of the remaining dues of the company for the implementation of the local component of the Spanish project with a capacity of 120 megawatts, which will amount to about 260 million pounds for the rest of the bills of the local component.

He pointed out the need to quickly collect the delay fine owed by the company for the presence of deviations from the contractual availability for the first year of operating the 200-megawatt “Jabal El-Zeit” plant, amounting to about 6.318 million pounds.

Regarding the authority’s position, the report indicated that the authority acknowledged that the procedure followed by “Gamesa” company was incorrect, and it was alerted to follow the payment procedures contained in the contract signed in this regard, and the authority stated that with regard to the fine owed by the company, the company was alerted to the authority’s submission. value of the fines.

However, the report confirmed that the authority’s response was not sufficient, and did not include the measures taken by the authority to preserve its rights to settle what was paid in excess of the advance payment and the bills of the local component with a total of 76.339 million pounds, and in light of the successive disbursement of bills due from the local component, thus increasing these differences, as well as For the Authority incurring the interest on the amount that was paid in excess to the company without justification, which amounts to double the interest due in the event of paying the actual value due to “Gamisa” company.

oil mountain

The report revealed another violation, as the authority entered into a change order between it and Gamesa, which is implementing the 200-megawatt “Jabal El-Zeit” project, regarding the replacement of the bird migration control system from (DTBIRD) for the fall and spring semesters, to the system (RASB) at a cost of 16.829 million pounds at the time, and this amount upon payment amounted to about 42 million pounds, a difference of 25.171 million pounds.

He explained that the change order included that “Asterix” company submit technical and financial offers to the authority, accept them by the authority and the consultant, and force Gamesa to work with it as a sub-contractor.

According to the report, the change order included that Gamesa was not responsible for the performance of Asterix, and that it obtained 7% of the total Asterex bills, or about 2.7 million pounds. A claim by Gamesa for any compensation by the Authority for any work related to the (RASB) In this matter, the Authority loses any guarantee of its rights to Asterex, as there is no direct contractual relationship between the Authority and the company.

He explained that the change order signed with the “Gamisa” company included that the authority issued an attribution order to the “Green Plus” company for environmental solutions about 1.5 million pounds regarding the work of monitoring bird migration for the fall season, in addition to implementing the program to shut down the turbines upon request without radar.

grants and loans

The supervisory report revealed that the New and Renewable Energy Authority misused foreign grants and loans concluded with foreign financing bodies, which resulted in a waste of about 944 million and 851 thousand pounds.

He referred to the failure of the authority to fully benefit from some grants amounting to about 35,972 million pounds from the African Development Bank, as about 24 million pounds, or 67%, were not utilized.

The report pointed out that the authority did not benefit from the soft loan amounting to about 889 million pounds, and the authority incurred about 31.851 million pounds, the value of a commitment commission for the unused portion of the “German, Japanese, and Kom Ombo project” loan, and the loan was withdrawn after about two and a half years of acknowledge it.

He called for an investigation into wasting about 24 million pounds from the African Development Bank grant that was not used by the authority, with the development of mechanisms that allow the use of grants and soft loans for the purposes and times specified for them.

The report confirmed that the authority has mistakenly raised investment formation accounts with government amounts (calculated by the investment bank only, and the authority did not verify it or specify how to calculate it). Egyptian Accounting No. 14 regarding the cost of borrowing and the bank deducting it from the amount approved annually in the investment budget of the authority, as well as the inflation of the formation account with those interests in exchange for reducing the local interest account by the same value, as well as charging the authority a difference ranging from (3: 6%) representing the reduction of the arrears interest due on it as a return It ranges from (7:10%) annually.

Source: بوابة الحرية والعدالة by fj-p.com.

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