energy
President El-Sisi ratifies amendments to Egypt’s nuclear and radiological activities law.
Macron’s Cairo visit highlights the growing strategic partnership between Egypt and France amid regional turmoil.
The agreement was signed during an official visit by Minister of Petroleum and Mineral Resources Karim Badawi to Algeria, in the presence of Algerian Minister of Energy and Mines Mohamed Arkab.
He added that the package also includes LE 30 billion for basic commodities and LE 15 billion for healthcare, aimed at ensuring the continuity of essential services and maintaining economic stability under pressure.
The discussions highlighted the government’s ongoing efforts through the Central Crisis Management Committee to navigate current economic and geopolitical challenges while maintaining flexibility in development plans and growth targets.
Prime Minister Mostafa Madbouly announced that Egypt has successfully reduced arrears owed to foreign energy partners from $6.1 billion in June 2024 to approximately $1.3 billion.
Prime Minister Mostafa Madbouly said the anticipated salary adjustments will be meaningful and designed to keep pace with inflation, stressing that improving citizens’ purchasing power remains a key priority for the government.
During the meeting, Esmat presented the ministry’s achievements in modernizing the electricity network, including the completion of 34 new transformer stations across various voltage levels, integration into the national grid, and expansions covering 40 additional stations.
The podcast reflects the ministry’s push to modernize its communication through digital channels and highlight key achievements and national projects.
As per the agreements, the natura gas in two fields of Cyprus’s Exclusive Economic Zone Cypriot (Aphrodite and Cronos) will be liquified in Egypt’s Liquefied Natural Gas (LNG) plants to be then exported to Europe.
Minister of Immigration and foreign Affairs Badr Abdelatty began his visit to Brussels Sunday with a meeting with the general manager of the electricity linkage sector at Jan De Nul.
The $1.1 billion venture has already garnered significant financial support, including $200 million from the European Bank for Reconstruction and Development (EBRD) and $170 million from the African Development Bank (AfDB).
As part of this partnership, Informa Markets will support Entlaq in the outreach and meetups with relevant stakeholders and integrate the report's findings into its flagship Egypt Energy Event as well as promoting it with its local and International Network and Events
Minister of Foreign Affairs and Immigration Badr Abdelatty delivered Monday a speech at the opening of the 10th session of Rome MED Dialogues.
El-Sisi also instructed the government to accelerate the implementation of renewable energy projects, with the aim of diversifying energy sources and increasing the capacity of the electricity grid.
JA Solar will oversee the study phase, with investments projected at $138 million for the solar cell facility and $75 million for the solar panel factory, which will primarily serve local markets.
These agreements aim to establish a 5 GW floating solar power project on Lake Nasser and a 2.8 GW solar power project in Nagaa Hammadi, marking a significant step toward advancing clean energy infrastructure in both nations.
These agreements bring together the Egyptian Electricity Transmission Company (EETC), the New and Renewable Energy Authority (NREA), and Alcazar to initiate studies for a 2 GW wind power project.
The French Embassy in Cairo says that Paris has been cooperating with the Egyptian Ministry of Electricity through the Agence Française de Développement (AFD) for more than 10 years to support the transition to clean energy.
Representing Egyptian President Abdel Fattah al-Sisi, Madbouly participated in a roundtable on energy and climate change mitigation, emphasizing Egypt’s target of 42% renewable energy in its energy mix by 2030.
