Minister of Electricity and Renewable Energy Mohamed Shaker Wednesday discussed with Stephan May, the CEO of the Electrification and Automation Business Unit at Siemens in Germany and Mostafa el Bagoury, the CEO of Siemens in Egypt and their accompanying delegation ways of boosting cooperation between the Egyptian electricity and renewable energy sector and Siemens.
The project considers macroeconomic trends, as well as trends at the level of the economic and social sectors that support the renaissance of the Egyptian state.
The announcement comes soon after the government’s decision to raise Metro prices, Telecom Egypt's increasing household internet prices, and mobile companies disclosing to customers new pricing schemes
The announcement comes soon after the government’s decision to raise Metro prices, Telecom Egypt declaring an increase in household internet prices, and telecom operators across the country upping prices on mobile tariffs
The timings will be declared for each neighborhood.
The EBRD has set the approval date for the loan as 13 December 2023
Shaker added that an international consultant from Belgium was contracted to conduct a comprehensive study of the cost of supporting and developing the electricity transmission network in Egypt.
The private sector will be able to sell electrical power before the end of 2023, Minister of Electricity Mohamed Shaker said Tuesday.
Egypt has witnessed a remarkable transformation in the electricity sector and has become a role model for many countries, as exceptional achievements have been made.
The construction of the Gulf of Suez wind station, which is owned by the New and Renewable Energy Authority, comes within the framework of the state’s plan to diversify energy sources and expand renewable energy projects.
The Electricity Law included a number of tasks for the Egyptian Electricity Transmission Company to operate the electricity transmission system in accordance with economic and environmental standards.
Egyptian Minister of Petroleum and Mineral Resources, Engineer Tariq Al-Mulla, inaugurated a number of development, modernized and efficiency-raising projects in some projects in Al-Hamra port, including the solar power plant project.
The Saudi Cabinet agreed on a memorandum of understanding (MoU) between Saudi Arabia and Egypt to cooperate in the spheres of electricity, renewable energy and clean hydrogen, according to Saudi Press Agency (SPA).
The Prime Minister's decisions to resolve the electricity crisis included the implementation of an online work system for employees on Sundays throughout the month of August for government departments not directly involved in citizen services.
"The current power outage crisis is temporary due to the lack of fuel," he added, noting that it can be similar to the outage crisis Egypt suffered from before 2014, according to Youm7. In 2013, Egypt suffered a crisis of power outage that led several people to demonstrate against the pro-Muslim Brotherhood late President Mohamed Morsi.
The source explained that the interconnection project with Sudan is one of the most important projects implemented by the Ministry of Electricity.
Engineer Sedky said that the network loss is expected to reach 18.21% for the fiscal year 2022/2023, while the actual loss rate of the FY 2021/2022 was 22.188 percent.
Studies are also being conducted to accomplish electricity linkage with African states capitalizing on their hydropower capabilities.
The New and Renewable Energy Authority will secure a land plot for Norway's Scatec ASA to build a wind farm western Sohag as per an agreement they signed Wednesday.
Over the past eight years, Egypt has successfully added 31,000 megawatts of electricity generation capacity.