The dam and the hydropower plant are executed by a coalition of Arab Contractors and El Sewedi Electric.
In light of the decline of oil prices, Egypt increased its crude oil imports in the first two months of 2020.
The share of renewable energy in the total amount of power generated in Egypt annually is speculated to remain the same in 2020 compared to 2019.
Egypt spent LE 60.1 billion on fuel subsidies in the same period a year earlier.
They also took up the mechanism of activating the joint government agreement on extending pipelines in order to transmit the Cypriot gas to Egypt's EDCO plant.
The capacity of the first phase being operated is 50 megawatts.
Egypt's current success in the energy sector is mainly attributed to a visionary political leadership and a strong belief in and awareness of the country’s potential.
Egypt Today shot photos and a video of the world’s largest wind farm, Gabal Al Zeit having a capacity of 500 MW and 390 turbines.
Eleven financial and technical agreements were signed on Saturday.
Madbouly highlighted that Egypt is on the right track.
The corporation shares with the Egyptian government in boosting investment in natural gas to ensure that all Egyptians are benefiting from it, he added.
Prime Minister Mostafa Madbouly met on Sunday Chairman of GK Medical Management to discuss the project.
The Cypriot president stated that the meeting is held in light of regional developments.
“Akademik Lomonosov” floating reactor will enter service by the end of this year.
The dialogue aims to boost cooperation between the two countries in the energy field.
The forum displayed opportunities available in various sectors in the Arab World, where Japanese investors are encouraged to tap in.
Dabaa Nuclear Power Plant to be constructed by Rosatom in Egypt is planned to be similar to Russia’s Leningrad Nuclear Power Plant.
Hamza said the state managed to record around 1.45 million electricity theft cases between January and May.
Russian President Vladimir Putin ratified on Friday the Comprehensive Strategic Partnership Agreement with Egypt which was signed in October.
The upcoming projects are within the 2017-2020 Unified Support Framework worth €500 million by the European Bank for Reconstruction and Development (EBRD).