Abu Bakr Ibrahim, Chairman of Ganope, told Egypt Oil & Gas that a memorandum of understanding (MoU) has been signed by Ganope, as a representative of Petroleum Ministry and New and Renewal Energy Authority (NREA) for the exploitation of the earth’s natural underground temperature for the production of renewable energy.Currently an economic study is being conducted on Ayoun Moussa near the port of Suez, and Pharoah's Bath/Sulphur Springs to determine the viability of generating electricity from the area.
Ganoub El-Wadi Petroleum Holding Company (Ganope) is one of five main entities of Petroleum Ministry.
