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Electricity Demand Grows Fast
The Minister of Electricity and Renewable Energy in Egypt announced that the country has added around 35 gigawatts of electricity generation capacity since 2014, bringing the total to approximately 60 gigawatts, distributed between fossil fuel power plants and renewable energy sources. He explained that the demand for energy is growing at a rate of 6 to 7% annually, which is higher than the usual growth rates based on an economic growth rate of 2.5 to 3%. This surge in demand is attributed to the expansion of economic projects, new cities, factories, agricultural projects, and electric transportation, with most production units operational to meet the peak load, which reached about 40.2 gigawatts during the summer.
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