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Egypt to increase electricity project investments to EGP 700bn - Daily News Egypt

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Egypt to increase electricity project investments to EGP 700bn

No disruption to country’s electricity supply chain since 2015, compared to frequent 15-hour power cuts previously

Egypt plans to increase the value of investments in electricity projects to EGP 700bn in the next few years, according to a Ministry of Electricity official.

Speaking to Daily News Egypt, the source said the cost of electricity production projects implemented until mid-2019 amounted to EGP 361.4bn, and EGP 4.4bn for transportation projects.

He said the total capacities added to the unified network under President Abdel Fattah Al-Sisi amounted to nearly 30,000 MW, or over 12 times the capacity of the High Dam Station.

Since June 2015, there has been no disruption to the country’s electricity supply chain, compared to the previous situation where electricity outages frequently took place for 15 hours a day.

The source explained that the electricity sector’s current plans include strengthening the national network to transform it into a global network and regional hub for energy. This would come in addition to raising the quality of electrical feeding provided.

The Ministry of Electricity confirmed that all measures have been taken to ensure the standardised meter reading system will be generally in use by the end of this year. This system has many benefits for citizens, and will see a complete reduction in complaints and exaggerated estimates of consumption.

Ministry of Electricity Spokesperson Ayman Hamza said the new system has achieved notable results since it was first applied. The areas where the new system has been applied have seen a decrease in the number of complaints.

Hamza added that according to these results, this system will be fully within the package of measures to improve the quality of services provided to citizens, reduce complaints, and ensure transparency.

He stressed that complaints have already been significantly reduced, as  images of the meter showing consumption can be taken and automatically sent to devices that take readings. This ensures that the meters can register the figures with no room for human error and will also not require any human input or intervention.

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