El-Sissi: State bears energy costs, targets 50% renewables by 2030

The article focused on Egypt's efforts to develop the energy sector, highlighting the country's achievements in strengthening the national grid for electricity transmission and distribution, halting the decline in natural gas production, and restoring growth in the sector. It also discussed the challenges facing the energy sector, including global geopolitical disruptions and supply chain disturbances, along with Egyptian measures to mitigate their impacts. President Abdel Fattah El Sisi added that Egypt bears the largest share of the cost of energy provision despite the rising global oil prices, which increased from $75 to $110 per barrel. The article also outlined three proposed strategies to address these issues, with an aim to reach 50% reliance on new and renewable energy sources by 2030.