Mohamed Shaker
This budget will be divided, with approximately LE 4 billion allocated for current expenses and around LE 3.7 billion designated for investments in renewable energy projects.
The study aims to evaluate the feasibility of establishing a pumping and storage station with a capacity of 2,000 megawatts using a build-own-operate (BOO) system.
Minister of Electricity Mohamed Shaker and Minister of Petroleum Tarek El-Molla held an emergency meeting on Monday to discuss putting quick and radical solutions to the power cuts crisis.
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.
Japan International Cooperation Agency [JICA] said, Monday that Samalout Regional Power Control Center and upgrading Naga-Hamadi Regional Power Control Center in Upper Egypt, plays an important role to achieve stable and efficient electricity transmission and distribution.
The Egyptian Ministry of Electricity and Renewable Energy, led by Dr. Mohamed Shaker, sets an annual plan that it seeks to achieve in addition to its long-term plans to upgrade the field of electric energy in Egypt.
Egypt’s Electricity Minister Mohamed Shaker said the country is studying the possibility to add up to 2,000-3,000 megawatts of electricity in power linkage with Libya, up from 240 MW.
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.
Shaker added during his speech, Tuesday, at the opening session of the first dialogue of the Energy Transfer Council, that the required land was identified with a 5-year plan aiming to produce about 2.9 million m3 / day.
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.
Shaker added that prepaid meters are distinguished by the fact that they do not need any human intervention and are fully functional.
Whoever consumes more than 650 kilowatts per month will be excluded from subsidies and will bear the actual cost of the kilowatt per hour, according to Shaker.
The rate of the new increase for the domestic sector will be 19.1 percent, down from 21 percent in 2019/2020.
The price of electricity for the domestic sector will be raised by the beginning of July 2020 by 19.1 percent.
Egyptian Minister of Immigration and Egyptian Expatriates Affairs Nabila Makram received an award from leading economics magazine Business Today, during the annual BT100 ceremony that honors top influential figures and companies positively impacting the E
This came during Shaker’s visit to Congo on Sunday, heading a high-level delegation that includes a number of leaders of the electricity sector.
The minister stressed that collecting these fees is not part of the Electricity Ministry's work.
The electricity minister said that the cost of the project amounted to LE 509 million, with a distance of 1,000 kilometers.
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