Minister of Electricity and Renewable Energy
The electricity sector is paying a greater attention to power linkage projects, Shaker added during talks with Slovenian Ambassador to Egypt Mateja Prevolsek on Monday.
The deal was signed by the New and Renewable Energy Authority (NREA) and the Belectric–CCC consortium, the Electricity and Renewable Energy Ministry said in a press release on Monday.
Madouli and his accompanying delegation arrived on Tuesday to take part in the 29th session of the Egyptian-Jordanian Higher Committee.
These investment contributed to the implementation of 10 new dispensers, 212 new transformers, the addition of 140.2 MVA capacity in addition to 157 metal kiosks, and the installation of 1533 medium voltage poles and a number (2104) Low voltage pole.
During the meeting, Shaker said the KfW's participation in financing the electricity sector represents its confidence in the sector’s success.
Shaker explained that, within 4 years, 28 thousand megawatts were added, through a plan that relied on 3 axes, namely the construction of new stations, the development of existing stations, and the maintenance of stations.
During the meeting, the electricity minister asserted his ministry's keenness on giving preference to local products in the projects implemented by the Ministry.
The price of electricity for the domestic sector will be raised by the beginning of July 2020 by 19.1 percent.
El Dabaa Nuclear Power Plant (NPP) project will help transfer advanced technologies to Egypt, Minister of Electricity and Renewable Energy Mohamed Shaker said.
Shaker pointed out to the important role played by electricity linkage projects in achieving development in EAPP member states.
Shaker revealed that the joint team from the ministry and EgyptERA commenced to work on a group of visions to restructure the prices of electricity within the plan of lifting subsidies which started five years ago, to be completed in fiscal year 2021/2022
Mohamed Shaker called Sunday for building qualified Arab cadres and organizing specialized workshops to help hone their skills in that field.
The first stage of electricity linkage with Sudan is expected to operate next January with a capacity of 150 mega watts.
The Electricity Minister denied rumors concerning cutting the power supply for impoverished individuals who cannot pay the bill.
Egypt had agreed on a loan worth 60 billion Kuwaiti dinars from the Kuwait-based Arab Fund for Economic and Social Development to build three new converter stations.
Egypt has, “capabilities that could cover our electricity needs.”