Egypt’s Electricity ministry adopts long-term Energy strategy: adding 51k MW of energy (USD135 billion investment), introducing competitive market in the long-run
The Ministry of Electricity and Renewable Energy has set a long term strategy for adding 51K MW to the national Grid with investments amounting to USD135.3 billion. The ministry has identified Egypt’s long-term energy needs through a study conducted by an international consulting firm and after estimating the expected amount of future production of Gas and Petroleum from EGAS and EGPC. According to the ministry’s strategy, capacity additions to the national grid will start by coal-powered plants in 2o19, followed by nuclear energy additions; the first unit to supply 1200MW in 2023-2024. The study also suggests the need to add 6,950 MW from Thermal Energy, 9,020MW from solar energy and 9,350MW from wind energy, and assumed annual energy consumption growth of 7%. Also, the plan includes gradually introducing a competitive market by 2030 for energy sector through allowing producers to sell energy to the government and allowing consumers to choose the energy supplier.
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