Egypt’s $2.6 B electricity sector investment
The country wants to increase production and output.
Image for illustration purposes.
Egypt, Cairo: Egypt has announced plans of total investments worth EGP 81.4 billion ($2.6 billion) in the electricity and energy sector in the fiscal year (FY) 2023/2024. In the country, the public sector monopolizes about 85% of total investments, while the private sector makes up 15%.
Egypt’s goal is to increase the electricity sector’s production at current prices by about EGP 632 billion by the end of the fiscal year. The government also plans to increase the sector’s output to about EGP 275 billion by the end of this FY at the current price level.
Source: Zawya