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The Egyptian Minister of Electricity and Renewable Energy discussed with a delegation from the Asian Infrastructure Investment Bank (AIIB) to enhance cooperation and support the development projects of the electrical grid. The talks focused on expanding electricity generation capacities from renewable sources, increasing investments in battery and storage technology, and developing smart grids and smart meters. The meeting also addressed supporting electric interconnection projects with neighboring countries and facilitating an investment-friendly environment for clean energy projects, aiming to increase the share of renewable energy to 45% by 2028 and to improve the reliability and stability of electricity supply.
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