October 15, 2020

Al-Sisi orders continuous development of Egypt’s electricity management system

President discussed latest developments of electricity projects with Saudi Arabia, Jordan during meeting with Prime Minister Madbouly

Egypt’s President Abdel Fattah Al-Sisi met, on Wednesday, with Prime Minister Mostafa Madbouly to follow up on the progress of national projects implementation in the electricity sector.

Presidency spokesperson Bassam Rady said that Al-Sisi was briefed on the efforts to modernise and develop Egypt’s national electricity network. He reviewed all components of its infrastructure that are being constructed and developed, including power stations and electricity production, as well as distribution networks to supply buildings with electricity.

Rady added that the meeting comes as part of state directives to ensure that Egypt possesses a comprehensive national electricity network and a state-of-the-art institution. This will, in turn, ensure that electrical energy is transmitted in a safe and fast manner, reducing waste to a minimum and the highest degree of quality.

President Al-Sisi also directed for the continuous development of the electricity services management system, to support all development areas commensurate with the modernisation efforts.

Rady also said that the high-level meeting dealt with developments in the electricity network at the New Administrative Capital (NAC). The cabinet presented the latest updates concerning the construction of high voltage electric pressure cable tunnels at the national project.

The meeting also dealt with the latest developments in electricity related projects with Saudi Arabia and Jordan, as well as the triple interconnection between Egypt, Jordan, and Iraq. These projects have been integrated with the state’s efforts to develop Sinai.

The president has directed for strengthen efforts to take place in implementing electrical interconnection projects with neighbouring countries in the region, Rady said.

An official from the Ministry of Electricity and Renewable Energy told Daily News Egypt that Egypt plans to increase the value of investments in electricity projects to EGP 700bn in the next few years. He added that the cost of electricity production projects implemented until mid-2019 amounted to EGP 361.4bn, with a further EGP 4.4bn for transportation projects.

Since June 2015, there has been no disruption to the country’s electricity supply chain, compared to the previous situation in which electricity outages frequently took place for up to 15 hours a day.


Categories : government

Finance & Economy

Kharafi Construction cuts stake in Arab Aluminum

2020-10-22 07:00:00

ArabFinance: Arab Aluminum (ALUM) said Kharafi Construction reduced its stake from 48.18% to 43.20%, according to the company's"...
Read More

Centamin awaits more collaboration with ...
October 22, 2020
Eastern Company approves new cigarette p...
October 22, 2020

Latest News


Arclam awarded 2 projects from governmen...
October 20, 2020
Al-Sisi orders continuous development of...
October 15, 2020
UAE Research Program for Rain Enhancemen...
October 14, 2020