$3.36 billion electricity budget for Egypt
Nation to invest ahead of summer demand, and review nuclear plans
Egypt’s minister for electricity and energy has said that the country’s budget for its electrical power sector will be around 20 billion Egyptian pounds, the Asharq Al Awsat has reported.
Hassan Younis also revealed that most of the funds will be provided by companies run by his ministry, and that only EGP2.5 billion will come from the state budget as Egypt’s plans to add 1,500 megawatts of generating capacity to its infrastructure before the summer’s peak demand.
The ministry will also review the specifications of its planned nuclear plant in the north of the country, to ensure that causes of a nuclear disaster similar to that of Japan’s have been taken into account, and Younis has said that the project will be tendered as soon as possible.