Sisi reassures private sector cooperation

The article discussed Egypt's efforts since 2014 to address the energy crisis through infrastructure development, increasing electricity generation capacities, and achieving reliance on renewable energy sources, with the goal of securing sustainable supplies and meeting the needs of the economy and citizens. President Sisi pointed out that the state has implemented an integrated plan that includes building traditional and renewable power plants and upgrading transmission and distribution networks, emphasizing the exploitation of new and renewable energy sources to reach 50% of the total energy mix by 2030. The article also addressed the challenges posed by rising global oil prices, as the price per barrel has increased to around $110, which has imposed additional financial burdens on the budget and reduced the country's ability to achieve long-term energy sustainability. Officials confirmed that Egypt has been keen to settle its outstanding payments to foreign partners in the energy sector, successfully reducing these dues to zero by June 2026 to strengthen investor confidence, according to government reports. Leaders aim to raise citizens’ awareness of the true costs of energy and foster national solidarity, focusing on continued infrastructure investment, expanding private sector participation, and developing renewable energy sources to confront geopolitical challenges and ensure long-term sustainability.