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$45bn to double Egypt power production

With current electricity generation at nearly 30,000 MW, more investments are required to meet the ever growing power demand

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Egypt, Power, Power and water consumption, Power demand, News

Egypt plans to double its electricity production within the coming period through injecting investments estimated at 400 billion Egyptian pounds (US$45bn), President Abdel Fattah al-Sisi stated last week.

The president made these remarks during a ceremony to announce harvest of 10,000 wheat feddans in the south-western El-Wadi El-Gadid (New Valley) governorate as part of a national project to expand the country's farmland by reclaiming 1.5 million feddans.

Al-Sisi added that state's total production of electricity currently reached 26,000 MW and that the government was accelerating investment projects in the sector to double the productivity.

Egypt - whose population is estimated at 90 million- is working on diversifying its energy sources to respond to its growing electricity needs.

Recently, Egypt has signed investment agreements with a number of foreign and Arab states on executing projects in electricity sector notably Saudi Arabia, France, and Japan.

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