Kjok: Saved 7–8 billion Egyptian pounds on fuel and gas
Finance Minister Ahmed Karkoug confirmed that Egypt achieved a financial savings of between 7 to 8 billion Egyptian pounds during the past fiscal year by reducing gas and fuel consumption by 20%, as part of efforts to face the rising energy costs amid regional crises. He pointed out that each gigawatt of renewable energy contributes to saving between $200 million and $250 million annually in natural gas imports. A comprehensive energy development plan is underway, covering oil, electricity, and mining, with an expansion in renewable energy sources and investments in grids.
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