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Reports indicate that the National Electricity Company will implement a plan to generate 50,000 megawatts of renewable energy by 2040, aiming to reduce dependence on fossil fuels and achieve sustainable development goals. The plan involves significant investments, with the project's cost expected to exceed $91 billion, and includes projects scheduled from 2026 to 2040 to increase the share of renewable energy to 46% of total electricity production. The government aims to improve the efficiency and sustainability of the power grid, reduce carbon emissions, and promote reliance on clean energy sources, all within an ambitious plan to attain energy independence and avoid environmental pollution damages.
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