Egypt
is struggling to meet energy demands during these hot summer months, and with
widespread power cuts and shortages, the public is in an uproar.
Sweeping
blackouts are leaving homes, offices, and small business in the dark.
Especially now that Egypt is in the middle of a heat wave and people are
blasting their air conditioners on high. In July, temperatures usually hit 40
degrees Celsius (104F) and above! Talk about sultry…
On
Monday, Qatar offered five cargo loads of liquefied natural gas (LNG), worth approximately
$300 million, “as a gift to the Egyptian people during the summer months.” The
gift is but a small token compared to the $7 billion the company has already
lent Egypt over the past year.
Times
sure are tough. Now they’re just getting hotter.
The
country's budget deficit looks more like the Grand Canyon. Even the Egyptian
pound has taken a hit, which has scared away almost all of the private equity
opportunities. Cairo’s share index recently closed out at its lowest in over 10
months. Add to all this – slumping tourism, public protests, riots – and
government funding has all but disappeared, resulting in forced energy
reductions.
“We
will suffer this summer,” said Mohamed Shoeib, managing director at Citadel
Capital, a private equity firm. “This will be the hardest, most difficult and
darkest summer Egypt has ever seen.”
If
only Egyptians had an independent source of electricity to power their air
conditioners, warehouses, stoves, and storefronts...
Well,
soon they’ll be able to with the SH-Box by NRGLab – the key to achieving energy
independence. The poly-crystalline generator is renewable and carbon-free, but
unlike solar, there isn’t any expensive installation. The SH-Box is ready and
able to be integrated into any existing energy grid. You could be paying as
little as $0.03 per kW, AND be immune to state mandated blackouts.
NRGLab
is already making a difference in the energy future of Southeast Asia. To
create a greener future for you, your family, or your business, visit www.nrglab.asia. Learn more about the SH-Boxes.
Truly yours,
Ana Shell
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