Egyptian Minister of Electricity and Renewable Energy, Dr. Mohamed Shaker, affirmed that the ministry and its subsidiaries are working to gradually localize the industry to reach 100% and give priority to the Egyptian product.
Minister of Environment Yasmine Fouad held a meeting Monday with a number of officials to follow up on the updates of establishing the factory in Giza's Abou Rawash.
The Egyptian Electricity Transmission Company succeeded during the year 2022 in implementing what it has planned at a rate of about 62%, as the investments spent during the year amounted to about 12.307 billion pounds.
Those will be built by the UAE's AMEA Power.
That is when operated at full capacity.
The MoU was signed between Egypt’s New and Renewable Energy Authority (NREA), the Egyptian Electricity Transmission Company, and the Saudi ACWA Power Company.
Egyptian Ambassador in Khartoum Hossam Eissa met with Sudanese Minister of Electricity and Energy Mohamed Abdullah, where they discussed efforts for electrical interconnection between both countries.
The government is currently working on investing in the most important resource it owns, which is natural gas, to which huge investments have been directed in the past,” Prime Minister Mostafa Madbouli said on Tuesday.
The Egyptian Electricity Holding Company and GE Gas Power signed Wednesday two agreements of cooperation on reducing carbon emissions.
"There were negative effects on everyone and different sectors suffered from power interruptions, where loads before the year 2014 reached 3-4 thousand megawatts," he explained.
The implementation of a solar cell plant in Zafarana area to produce electricity with a capacity of 50 MW is underway, according to the New and Renewable Energy Authority.
The future of renewable energy in Egypt is far more promising than that in Europe if the human factor from laws and decision makers will earnestly pave the way since nature gives the country all the ingredients for success.
The developing works are conducted through the use of the latest devices and modern technologies that enable the service to reach Sudan with the highest quality.
As a result, Egypt advanced 44 places in the electricity supply quality index in the Global Competitiveness Report in 2019.
The amount of megawatts added to the Egyptian grid since 2014 is 14 times those produced by Aswan High Dam (2,100 megawatts).
A conference will be held on the matter in New York on January 4-27.
An amount of 9 billion pounds has been allocated to develop electricity transmission and distribution networks in North and South Sinai.
The meeting was also attended by the ministers of electricity and planning, deputy minister of housing for infrastructure, and the CEO of Egypt Sovereign Fund.
Such pretext aimed at playing down the fears of Egypt and justifying denying it its water rights is alarming.
Ethiopia eyes building three other dams, which along with the GERD are estimated to hold back 200 billion cubic meters of Blue Nile water.