7 Hrs
Source:
المصري اليوم
Electricity Minister Discusses Theft and Subsidies
Egyptian Minister of Electricity and Renewable Energy, Mahmoud Esmat, stated that over the past ten years, the ministry has recovered 5.5 billion kilowatt-hours of electricity theft, amounting to approximately 29 billion Egyptian pounds. It also succeeded in reducing the loss rate in distribution networks to 17.6%, by installing around 3.07 million coded meters to improve billing accuracy. These coded meters help decrease estimated billing and improve consumption measurement. He reviewed an investment plan extending until 2040, valued at two and a half trillion Egyptian pounds, aimed at increasing the installed capacity to 126.8 gigawatts, with 61.2% of it coming from renewable energy sources. Additionally, he highlighted efforts to expand the electricity interconnection network with Greece and Italy, positioning Egypt as a regional hub. The plan also includes ongoing support for low-income groups through price stabilization and ensuring electricity stability across the country.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)