5 Hrs
Source:
الموجز
Germany Energy Talks
Egyptian Minister of Electricity and Renewable Energy Mahmoud Esmat met with a delegation from Germany’s Federal Ministry for Economic Affairs and Energy to discuss strengthening cooperation on energy policy and renewables, and upgrading the national grid infrastructure. The talks covered financing for transformer substations and interconnection lines, rehabilitating hydroelectric plants, upgrading the Aswan and High Dam power stations, and establishing a center to manage distributed energy. The arrangements also included a German grant of €17.5 million and a €50 million debt-swap agreement. Esmat reaffirmed Egypt’s commitment to expanding clean energy and modernizing the grid, noting the target of raising renewables’ share of the energy mix to 45% by 2028.
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