HomeIndustry SectorsGenerationMassive investment to secure Egyptian power until 2027

Massive investment to secure Egyptian power until 2027

One of Egypt’s new power
stations which will ease
the growing energy load
Cairo, Egypt — ESI-AFRICA.COM — 17 November 2011 – Long- and short-term plans have been drawn up for the establishment of several power stations to add 60,000 megawatts (MW) to the Egyptian national power grid.

Revealing this in an address here, Egyptian minister of electricity Hassan Younis said: “There will also be new extensions and lines up to 245,000km so that the network’s generation capacity may be up to 89,000MW by 2027 with investments to the tune of US$110 billion.” He was addressing the conference on boosting Egyptian-Chinese trade and economic cooperation, currently in session in here.

Younis noted that the conference opened new vistas to strengthen cooperation in the domain of energy policy in partnership with specialised sectors in both countries.

The minister also praised the role played by the Chinese development bank, which will be playing a definite role in financing several power projects in Egypt.