Minister of Electricity
This budget will be divided, with approximately LE 4 billion allocated for current expenses and around LE 3.7 billion designated for investments in renewable energy projects.
This vital sector is very interested in following many mechanisms to promote the participation of the Private Sector in different projects it is carrying out, topped by the new and renewable energy ventures, added Shaker in statements Monday.
The two sides tackled ongoing cooperation between Egypt and Sweden in different domains, including training a number of Egyptian youth to use state-of-the-art technologies in networks, particularly smart, digital and constant voltage grids.
Shaker added during his speech, Tuesday, at the opening session of the first dialogue of the Energy Transfer Council, that the required land was identified with a 5-year plan aiming to produce about 2.9 million m3 / day.
The minister statements came during a meeting on Tuesday with manager of AFD branch in Egypt in the presence of the French ambassador in Cairo Romatet Stephane to discuss future cooperation between Egypt and AFD.
Shaker added that prepaid meters are distinguished by the fact that they do not need any human intervention and are fully functional.
Minister of Electricity announced Tuesday, during a press conference, that the price of electricity for the domestic sector will be raised by the beginning of July 2020 by 19.1 percent.
Whoever consumes more than 650 kilowatts per month will be excluded from subsidies and will bear the actual cost of the kilowatt per hour, according to Shaker.
The rate of the new increase for the domestic sector will be 19.1 percent, down from 21 percent in 2019/2020.
The electricity minister said that the cost of the project amounted to LE 509 million, with a distance of 1,000 kilometers.
This came during Toyoda’s meeting with Egypt’s Minister of Electricity and Renewable Energy Mohamed Shaker.
The minister's statements came during the inaugural session of the second ordinary session of the African Specialized Technical Committee on Transport, Transcontinental and Interregional Infrastructure, Energy and Tourism.
The price of selling electricity for high voltage is up to $9 globally, compared to $6 in Cairo.
The delegation will take part in the three-day conference.
The 6000 megawatts project comes at a cost of 4.4 billion dollars and is expected to be completed in around six years.
Final contracts for Hamrawein coal-fired power plant expected to be signed in September during President Abdel Fatah al-Sisi’s visit to Beijing, China.
The minister clarified that a big number of these investments was funded by loans.
Mohamed Shaker announced July 3 the establishment of a major power station in Moussa Water Spring (Ayoun Moussa) in Sinai.
Minister of Electricity Mohamed Shaker announced on Tuesday that the ongoing Benban Solar Project will be the biggest in the world.
Minister of Electricity Mohamed Shaker announced Tuesday in a press conference new hikes in electricity prices.
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