Egypt signs energy cooperation agreement with Libya

Egypt and Libya have signed a memorandum of understanding to enhance cooperation in the fields of electricity and renewable energy. The aim is to support the Libyan electricity grid and implement projects aligned with urban expansion and development initiatives in Libya. The agreement includes developing the electrical network and increasing interconnection capacity between the two countries, especially as Egypt is considering raising its electrical interconnection capacity with Libya to around 2,000 megawatts through investments estimated at 10 billion Egyptian pounds, with a joint study by both sides to achieve these goals. The contract seeks to improve the efficiency of Libya’s electricity sector and to expand collaboration on renewable energy projects, meeting the country's development and reconstruction needs.

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