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Hamad Al-Zaabi praises Egypt-Emirati electricity partnership
Egypt is working to enhance its electricity and energy sector by signing a contract to upgrade the Gerga transformer station and connect it to the unified grid, aiming to improve the electrical infrastructure. The Ministry of Electricity has allocated 190 billion Egyptian pounds to integrate renewable energy sources into the national grid, with the goal of reducing fuel consumption amid increasing demand. Since 2014, investments in the electricity sector have amounted to approximately 5 trillion pounds. Egypt aims to produce 45% of its energy needs from renewable sources by 2028, focusing on green hydrogen investment for export to European markets. Additionally, the government is working on establishing economic entities to maximize returns from rare elements, while the ministries of electricity and planning are exploring financing options for projects involving energy and rare metals.
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