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Electricity Minister updates on Statkraft Renewables
The Minister of Electricity and Renewable Energy, Dr. Mahmoud Esmat, followed up with the Norwegian company Skattok on the development of solar and wind energy projects in Egypt. He reviewed the goals of the first and second phases of the Oberlesk Solar Power Plant, with a capacity of 500 MW, in addition to energy storage projects with a capacity of up to 4,000 MWh. These include projects with a total capacity of up to 3,100 MW from solar and wind energy, along with the implementation of a battery factory at a cost of $1.8 billion. The minister emphasized enhancing private sector participation in energy projects to achieve sustainable development.
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