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Egypt Restores $100M Electricity Exports to Libya

Egypt Restores $100M Electricity Exports to Libya

Egypt has resumed electricity exports to Libya after a two-day pause, following the payment of approximately 100 million US dollars in accumulated dues dating back to 2023. This settlement paved the way for continued flows and a gradual increase in exported quantities. The exports were restarted with an initial capacity of 70 megawatts. This step is considered important in supporting the Libyan electricity grid, which experienced a widespread collapse due to the outage of major generation stations and transmission lines, resulting in a loss of about 1,350 megawatts of generation capacity. The continuation of electricity flows is linked to an agreement between Egypt and Libya to establish a timetable for paying off the remaining debt of 141 million US dollars before the end of 2026. Additionally, the electric linkage line between the two countries plays a key role in supporting the reactivation of the grid and maintaining energy balance during the crisis. Egypt and Tripoli are among the countries striving to enhance their capacity for energy trading and exchange through interconnection projects with the Middle East and Europe.

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