Government allocates EGP 29.3 billion for the electricity sector to implement several strategic projects: Planning Minister

H.E. Dr. Hala El-Said, Minister of Planning and Economic Development, confirmed that the plan for the fiscal year 2022/2023 aims to direct investments amounting to EGP 29.3 billion to implement several strategic projects to expand the national electricity network and secure electrical nutrition for economic development projects in East Al-Owainat, the North Coast, Sinai, land reclamation areas in Toshka, the New Delta and the Monorail projects at the administrative capital and the sixth of October).
Investments are also directed to completing the projects of the Nuclear Material Authority and completing the infrastructure equipment to prepare the site of the nuclear plant in El-Dabaa, in addition to completing the implementation of renewable energy projects, such as the wind power plant in the Gulf of Suez region, and power plants using photovoltaic systems in Zafarana, Kom Ombo and Hurghada.El-Said confirmed that the plan for the year 22/2023 highlights the importance of Egypt as a regional energy center within the framework of the (Euro-Africa) project, which links the electricity networks between Egypt, Greece, and Cyprus, and from it to the rest of the European countries with a capacity of 2000 megawatts, with the possibility of increasing it to 3000 megawatts, which strengthens the center Egypt as a platform for energy trading and trading in light of the advantages of the strategic location and the abundance and readiness of the infrastructure of lines and networks that Egypt enjoys.
In the field of environmental improvement, El-Said explained that the plan is keen to integrate environmental sustainability into development plans. It is targeted that the cost of green projects in the (22/2023) plan will reach EGP 336 billion in many sectors, including transportation (EGP 300 billion) and electricity (EGP 2.4 billion, local development (EGP 2.8 billion), irrigation (EGP 26.4 billion), and housing (EGP 4.5 billion), and the percentage of green public investments are targeted to reach 40% of all public investments.H.E. Dr. Hala El-Said, Minister of Planning and Economic Development, confirmed that the plan for the fiscal year 2022/2023 aims to direct investments amounting to EGP 29.3 billion to implement several strategic projects to expand the national electricity network and secure electrical nutrition for economic development projects in East Al-Owainat, the North Coast, Sinai, land reclamation areas in Toshka, the New Delta and the Monorail projects at the administrative capital and the sixth of October).
Investments are also directed to completing the projects of the Nuclear Material Authority and completing the infrastructure equipment to prepare the site of the nuclear plant in El-Dabaa, in addition to completing the implementation of renewable energy projects, such as the wind power plant in the Gulf of Suez region, and power plants using photovoltaic systems in Zafarana, Kom Ombo and Hurghada.El-Said confirmed that the plan for the year 22/2023 highlights the importance of Egypt as a regional energy center within the framework of the (Euro-Africa) project, which links the electricity networks between Egypt, Greece, and Cyprus, and from it to the rest of the European countries with a capacity of 2000 megawatts, with the possibility of increasing it to 3000 megawatts, which strengthens the center Egypt as a platform for energy trading and trading in light of the advantages of the strategic location and the abundance and readiness of the infrastructure of lines and networks that Egypt enjoys.
In the field of environmental improvement, El-Said explained that the plan is keen to integrate environmental sustainability into development plans. It is targeted that the cost of green projects in the (22/2023) plan will reach EGP 336 billion in many sectors, including transportation (EGP 300 billion) and electricity (EGP 2.4 billion, local development (EGP 2.8 billion), irrigation (EGP 26.4 billion), and housing (EGP 4.5 billion), and the percentage of green public investments are targeted to reach 40% of all public investments.