Egypt boosts electricity exports to Libya

Egypt has increased its electricity exports to Libya by 43%, reaching 100 megawatts, following a widespread collapse of the Libyan grid that resulted in the loss of approximately 1,350 megawatts of generation capacity last month. This came after Egypt paid $100 million of its overdue payments to Libya, which amounted to around $90 million, and both sides agreed on a timetable to settle the remaining dues. This move is part of efforts to strengthen cooperation between the two countries and to achieve stability in the Libyan electrical grid, especially during the summer season, which experiences high demand due to reduced gas and fuel supplies and frequent power outages. Additionally, Egypt aims to expand its electricity exports as a source of revenue and to support regional interconnection projects, benefiting from its electricity surplus of about 20,000 megawatts compared to a peak load of 40,000 megawatts.

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