Al-Sisi reviews summer electricity plan, orders accelerated solar expansion
Egyptian President Abdel Fattah Al-Sisi reviewed the government’s preparations to secure electricity supplies during the upcoming summer season, as peak demand on the national grid is forecast to rise by 6-7%. The review took place during a meeting with Prime
Egypt invests EGP 26.5bn to upgrade power transmission network in FY2025
Egypt invested approximately EGP 26.5bn in fiscal year 2024/2025 to modernize and expand its power transmission network, enhance grid efficiency, and integrate renewable energy into the national grid, the Ministry of Electricity and Renewable Energy said. Minister of Electricity and
Egypt’s Rees Tech targets EGP 1bn sales in 2026 on solar energy boom
Egyptian renewable energy solutions firm Rees Tech is targeting sales of approximately EGP 1bn in 2026, driven by a rapid increase in demand for solar systems across the local market, Chairperson Ibrahim Gamal said. The 2026 target represents a doubling
Egypt expands power grid as electricity losses reach 4.6bn kWh
Egypt is coordinating with Russian partners to accelerate the execution timelines of the El Dabaa Nuclear Power Plant as part of a broader strategy to secure sustainable energy, Minister of Electricity and Renewable Energy Mahmoud Esmat said on Sunday. The
Egypt’s PM reviews energy projects, investment attraction efforts
Prime Minister Mostafa Madbouly chaired a meeting on Sunday at the government headquarters in the New Administrative Capital to review the progress of ongoing energy projects and discuss initiatives to attract further investments into the sector. At the start of
Australian mining group Hunter & Co. to invest in Egypt following legislative overhaul
Australian mining group Hunter & Co. has expressed its intent to launch investment projects and establish strategic partnerships within the Egyptian mining sector, according to a statement released by the Ministry of Petroleum and Mineral Resources on Sunday. The decision
Madbouly says Egypt has paid $5bn of arrears to foreign oil partners
Egypt has paid approximately $5bn of outstanding arrears to foreign partners in the petroleum sector and remains committed to settling regular monthly invoices, Prime Minister Mostafa Madbouly said on Wednesday. Speaking during a weekly cabinet meeting at the government headquarters
Kemet, TBEA sign MoU to establish Egypt’s first inverter manufacturing plant
Mahmoud Esmat, Minister of Electricity and Renewable Energy, witnessed—at the conclusion of his official visit to China—the signing of a memorandum of understanding (MoU) between Egyptian company Kemet and China’s TBEA. The agreement covers cooperation in renewable energy, the transfer
Egypt green hydrogen project begins exports to European and US markets
A 100MW green hydrogen project in Egypt’s Suez Canal Economic Zone (SCZONE) has commenced partial production and started exporting to European and United States markets, according to a government statement released on Tuesday. Prime Minister Mostafa Madbouly met with a
Egypt signs preliminary financing agreements for $1.8bn Energy Valley project
Prime Minister Mostafa Madbouly witnessed, on Monday, the signing of preliminary financing agreements for the Energy Valley sustainable energy project, with investments approaching $1.8bn, on the sidelines of the inauguration of the first phase of the Obelisk Solar Power Project