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Electricity Minister: 5T pounds invested, no load shedding
The Ministry of Electricity in Egypt confirmed that the sector's investments since 2014 have amounted to approximately 5 trillion Egyptian pounds. These investments included projects for the generation, transmission, and distribution of electricity, with a focus on enhancing energy security, expanding renewable energy projects, and improving the efficiency of the national grid. The investments comprise 2.7 trillion pounds dedicated to electricity generation from thermal and renewable sources, 1.6 trillion pounds for the Dabaa nuclear plant, 646 billion pounds for transmission networks, and 110 billion pounds for the development of distribution networks. As a result, the overall capacity on the grid has increased to 64.4 gigawatts. Currently, 18% of the energy mix comes from renewable energy sources and storage batteries. The country continues to expand clean energy projects, aiming to increase their contribution to 45% by 2028, reduce reliance on traditional fuels, and achieve stability in electricity supplies amidst geopolitical tensions.
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