(ANSAmed) - PALERMO - From today until 2050, the Egyptian government has planned to bring the production of solar and wind energy from the current 2-3% to 15%, said Mohammed Atia El Fayoumi, coordinator of a delegation of Egyptian businesses in the energy production chain, speaking at a seminar in Palermo for the partners of Asem, the company for Euro-mediterranean development, on alternative and renewable energy. At the moment the most widely-used energy source is oil. But the aim of the Egyptian State is to promote new ininitiatives in the sector, with the participation of foreign capital. Of course, there is room for collaboration with Italy and Sicily in this project for energy expansion. There will be opportunities for exchange and partnerships tomorrow during the bilateral meetings between Italian, Spanish, Tunisian and Egyptian companies which have signed up for the initiative. In Tunisia Euromed, a private equity fund (equal to 50 million euros), founded with the aim of supporting the start-up or expansion of projects in the countries of North Africa, has invested over 1 million euros is the development of a Tunisian company in the energy production chain. This is a company with produces solar energy panels. The Euromed fund stands beside the business and shares the risk with it, said manager of Euromed, Stefano Frattini. (ANSAmed)