Egypt plans to add 2,500 MW of renewable energy in 2026

Egypt's presidency announced on Tuesday a plan to add 2,500 megawatts of renewable energy capacity to its national grid in 2026, aiming to bolster electricity stability and cut reliance on fossil fuels. The statement came after a meeting between President Abdel Fattah Al-Sisi, Prime Minister Mostafa Madbouly, and the ministers of electricity and petroleum.

The meeting reviewed progress on renewable energy projects, including wind, solar, and battery storage systems, as part of Egypt’s 2030 energy strategy.

Electricity Minister Mahmoud Esmat stated that the new capacity will connect to the unified grid this year, supporting sustainable supply, boosting efficiency, and reducing dependence on conventional fuels. He noted the government is revising its strategy to ensure renewables make up at least 42% of Egypt’s energy mix by 2030.

Petroleum Minister Karim Badawi outlined efforts to settle dues owed to energy companies, with a plan to clear all arrears before June 2026. He also reviewed recent oil and gas discoveries and drilling plans for the year.

President Al-Sisi emphasized the need for balanced expansion of renewable projects to position Egypt as a regional green energy hub. He called for tighter coordination among the electricity, petroleum, and finance ministries to speed up clean energy additions and secure financing amid rising demand while ensuring grid stability. The discussion also covered measures to secure supply during summer peaks and enhance industrial energy efficiency.

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Egyptian President Abdel Fattah Al-Sisi reviewed the government's preparations to secure electricity supplies for the upcoming summer, with peak demand on the national grid forecast to rise by 6-7%. The meeting involved Prime Minister Mostafa Madbouly and Minister of Electricity and Renewable Energy Mahmoud Essmat. Al-Sisi emphasized maintaining grid stability and ensuring uninterrupted supply.

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The president met with the electricity and renewable energy minister in mid-winter to review plans for securing power supply ahead of the summer peak. Egypt faces challenges in providing electricity during summer due to natural gas shortages and rising demand, with plans to add 3,000 megawatts of solar power this year. The government also relies on importing liquefied natural gas to avoid blackouts.

Egypt's Minister of Electricity and Renewable Energy, Mahmoud Esmat, held a high-level meeting with heads of power generation companies to review summer preparedness measures, new operating patterns, and efforts to reduce fuel consumption rates ahead of the peak demand season.

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Egypt's Minister of Petroleum and Mineral Resources Karim Badawi announced plans to drill 480 exploratory oil and gas wells with $5.7 billion in investments over the next five years. The initiative aims to reverse declining natural gas output and achieve crude oil self-sufficiency. Badawi spoke at the 9th Al-Ahram Energy Conference.

 

 

 

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