Electricity
During his visit to the site, Prime Minister Madbouly reviewed various components of the project, including transformer rooms and high-voltage equipment areas.
During the meeting, the minister and the ambassador discussed ways to support and enhance partnership, cooperation and investment in various fields of electricity, electrical interconnection, new and renewable energy, and the development and modernization of networks.
This change was approved by the Egyptian government as part of Law No. 24 of 2023.
President El-Sisi gave directives to intensify efforts pertinent to ongoing projects in the field of renewable energy to add new capacities to the electrical grid, in addition to the necessity to develop the grid using the latest technologies to accommodate and transfer energy with the highest efficiency and minimal loss.
The IsDB contributed nearly 4,000 megawatts to this growth through 19 approved projects worth $2.02 billion
At a meeting with Clary’s delegation at the ministry's headquarters in Al Alamein City, Esmat praised the fruitful partnership between the electricity ministry and the EIB, which has already bolstered Egypt's electricity sector
Electricity use increased by 12 percent in 2024.
The project is implemented by a consortium of three global companies.
The project aims to establish a maximum capacity of 3,000 megawatts, which is expected to be achieved by early 2026.
Esmat is scheduled to be sworn in along with the other ministers on Wednesday.
The shops will close at 10:00 p.m. instead of 11:00 p.m.
The prime minister stated that the electricity crisis worsened on Monday because a gas field in one of the neighboring states got out of service for 24 hours.
A high-profile source told Extra News Tuesday.
Prime Minister Mostafa Madbouli will hold on Tuesday a meeting aimed at issuing key decisions on the electricity crisis, a governmental source told Extra News.
The Nuclear Plants Authority submitted a request with the Egyptian Nuclear and Radiological Regulatory Authority (ENRRA) to obtain a construction permit.
Since 2018, the government has been implementing projects in relevant sectors with the aim of achieving that goal.
Omran said that the experience of allowing the private sector to sell energy to the consumer from the private sector also opens the door to liberalizing the electricity market in Egypt.
That is within a plan to increase the supply of food products, offering them in reasonable prices in the local market and also exporting.
According to a statement released by Hoegh LNG Holdings, the FSRU Hoegh Galleon is expected to be stationed in Ain Sokhna, Egypt, for approximately 19 to 20 months
That is in tandem with the suspension of gas exports.
