As we speak, President Abdel Fattah El-Sisi held a gathering with Prime Minister, Dr. Mostafa Madbouly, Minister of Electrical energy and Renewable Power, Eng. Mahmoud Esmat, Minister of Finance, Mr. Ahmed Kouchouk, and Head of the Armed Forces Monetary Affairs Authority, Lieutenant Basic Ahmed El Shazly.
Spokesman for the Presidency, Ambassador Ahmed Fahmy, stated the assembly targeted on plans to develop the nationwide electrical energy system and the obtainable financing mechanisms for this goal. The assembly additionally reviewed the investments required to reinforce distribution networks and enhance service high quality for residents, notably in Higher Egypt.
The President was briefed on efforts to broaden electrical energy technology tasks and renewable power storage initiatives, aiming to handle excessive masses and stabilize the unified community. This reinforces the federal government’s efforts to eradicate earlier load-shedding challenges.
The discussions additionally targeted on work progress within the Dabaa Nuclear Energy Plant challenge, together with its implementation, timeline and accomplishments on the engineering, technical, administrative ranges in addition to coaching and human sources improvement. This aligns with Egypt’s dedication to enhancing the nuclear energy sector as a cornerstone for the diversification of electrical energy technology sources, as envisaged in Egypt Imaginative and prescient 2030.
Furthermore, the assembly reviewed this system for the institution of {the electrical} infrastructure in new cities, together with transformer stations and the operational standing for the extension of energy strains and high-voltage cable tunnels to those cities.
Deliberations coated electrical energy interconnection tasks with neighboring nations, and the preparedness of the nationwide infrastructure for these interconnections. Moreover, the discussions reviewed methods for cooperation with the non-public sector to leverage its administrative, technical and technological experience in order to proceed enhancing the service, guarantee operational high quality and improve efficiency charges.
The President gave directives to proceed efforts towards enhancing electrical energy providers for varied makes use of in all governorates of the Republic, and enhancing the potential of the nationwide community to accommodate the anticipated improve in consumption, given each the inhabitants progress and improvement applications. This might be obtain by way of the continual modernization of energy technology vegetation, transmission and distribution networks and management facilities, coupled with elevated effectivity in using new and renewable power. It will finally help and reinforce efforts to realize complete nationwide improvement.
Distributed by APO Group on behalf of Presidency of the Arab Republic of Egypt.
