Egypt plans to invest EGP136.3 billion ($2.81 billion) in its electricity and renewable energy sector for the fiscal year (FY) 2025/26, a report said.

 

According to a plan outlined by the Ministry of Planning, Economic Development and International Cooperation the total targeted investments represent a significant increase from the EGP72.6 billion for FY 2024/25 and the EGP95.8 billion in actual investments recorded in FY 2023/24, said a Wam news agency report.

 

Minister of Planning and International Cooperation Rania Al-Mashat stated that the plan aims to enhance Egypt’s energy capacity and increase its reliance on renewable sources, with key objectives including expanding electricity coverage to 99.8% of the population by the end of June 2026 and increasing electricity interconnection capacity to 3,900 megawatts to strengthen Egypt’s position as a regional energy hub.

 

“The electricity and renewable energy sector is responsible for providing electrical energy to all users in various productive and consumer fields,” Al-Mashat said. “This contributes to achieving sustainable development goals and continuously improving the level of services provided to citizens.”

 

She added that the sector’s effectiveness depends on its ability to diversify energy sources, benefit from renewable resources, and rationalise the use of traditional resources to meet future energy demands.

 

According to the ministry’s report, public investments will constitute about 73% of the planned spending for the sector in FY 2025/26, with private investments making up the remaining 27%.

 

Key quantitative targets for the plan year include increasing the average annual generated electrical energy to about 235 billion kWh, adding 1,200 megawatts of thermal generation capacity, and reducing electricity losses to 16.5%.