French companies are planning multiple new projects in Egypt's clean and renewable energy sectors, the French ambassador to Cairo confirmed. Eric Chevallier made the statement during talks on national power grid modernisation with Egypt's Minister of Electricity and Renewable Energy, Mahmoud Esmat. The discussions focused on boosting bilateral cooperation in energy efficiency and modern technology.
French Ambassador to Cairo Eric Chevallier met with Egypt's Minister of Electricity and Renewable Energy Mahmoud Esmat to discuss modernising the national power grid. Chevallier described Egypt as a pivotal and strategic destination, noting French firms' eagerness to launch new investments focused on modern technologies, research, development, and renewables.
Esmat outlined investment opportunities to upgrade the national electricity grid and boost its capacity for renewable energy absorption, in line with Egypt's national energy strategy. He highlighted ongoing projects to develop the unified national grid and increase reliance on renewable sources in the energy mix.
The minister emphasised efforts to attract local and foreign private investment for new capacities. He welcomed deeper cooperation with French investors, praising the role of French companies and the French Development Agency in financing sector projects, which he said reflects confidence in the sector's capabilities and the state's energy transition plan.