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President Sisi on 2014 electricity plan: risks outweigh costs
The article focused on President Abdel Fattah El-Sisi's speech regarding the importance of implementing the urgent electricity plan in 2014. It explained that the decision was based on the assessment of the danger that the ongoing electricity crisis posed to Egyptian national security, despite its economic costs. Sisi pointed out that failing to implement the plan would have caused greater harm to the country. The plan aimed to quickly address the crisis, and he reviewed details of negotiations with the German company Siemens in 2015, which involved a $400 million reduction in the cost of power plants in exchange for the company's support to Egypt. The plan was essential to avoid deeper repercussions on the country's stability, despite the economic costs. It is part of the state's efforts to achieve sustainability in the energy sector.
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